We will never ask anyone for payments like this via DM or otherwise,” they said. The team said that based on the illicit contract address the hacker posted, the amount improperly solicited appeared to be around $45,000. Asked whether the same hacker could be responsible for the supposed New York Post’s X account hack on May 3, the Tron team told Cointelegraph that there “appear to be some similarities” between the two security incidents; however, they also cautioned that the investigation is ongoing and “any definitive connection would be premature.” After regaining access, Tron DAO said in a May 2 X update that they suspect the hack resulted from a team member being “targeted in a malicious social engineering attack, which led to their account being compromised.”Source: Tron DAO“Even after the perpetrator was logged out and our access restored, they continued contacting others, offering posts from our main account in exchange for payment,” Tron DAO said.
Curve Finance founder Michael Egorov confirmed in a reply to analyst CrediBULL Crypto that it was a bad actor posting sham links so far, “No other account appears to be hacked — the control over X account was just silently taken by someone.”Source: CrediBULL CryptoThe Curve Finance team has since regained access with the help of a team that included the cybersecurity group SEAL, and found that aside from posting scam links, the hacker also blocked some users who flagged the account takeover, including CrediBULL Crypto.
A hacker who took over the Tron DAO X account is estimated to have made around $45,000 in improperly solicited funds, according to a spokesperson from Tron. Speaking to Cointelegraph, the Tron public relations team confirmed that on May 2, the Tron DAO account posted a contract address and sent direct messages to solicit payments in exchange for promotional advertising on the Tron account.“Our security team quickly identified the intrusion and cut off access to the hacker, but we ask the community to continue to be vigilant.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Stephen Katte
The story "Tron says DAO X hack cost victims $45K, Curve Finance also hit" has 653 words across 19 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "Tron says DAO X hack cost victims $45K, Curve Finance also hit" was covered 11 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 21 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.