Yat Siu, co-founder and CEO of Animoca Brands, was recently the victim of a hacker attack promoting a fake token called ANIMOCA. The hacker managed to compromise Siu’s official X account and claimed that Animoca was launching a new token.
The post created on the pump.fun platform caused the price of the fake ANIMOCA token to rise by 500% in just five minutes. However, the rise was short-lived as the hacker deleted the post, causing the token price to drop.
Animoca Brands confirmed the hack and urged investors not to bother with Sius account. In a follow-up post, Yat Siu revealed that the attacker had bypassed his two-factor authentication (2FA) and reported the issue to X’s support team.
Siu also promised to provide insights into the security breach and uncover vulnerabilities within the X platform. Animoca Brands assured…
