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The crypto world, already lively with the anticipation of ETFs, has become a hunting ground for hackers targeting user vulnerabilities. In recent events, VeChain’s Twitter account was compromised and a deceptive message was posted.
VeChain’s Twitter Account Hacked
A piece of news has just emerged that has hit the cryptocurrency world like a bombshell. The globally recognized cryptocurrency VeChain’s (VET) Twitter account was hacked, and a critical announcement was made.
The hackers aimed to deceive investors with the promise of an airdrop, stating that by transferring an amount between 100,000 and 5,000,000 to a certain wallet, investors could gain between 200,000 and 10,000,000 VET, implying a 2x return.
The situation caused a significant stir among cryptocurrency investors. Users who noticed the incident quickly went to Twitter to warn others, but it is currently unknown whether any losses occurred during that time.
The hacking incident cast a shadow over VET, affecting its price with an immediate 2.52% drop to $0.02910, followed by a slight recovery to $0.02936. However, this drop reflected the investors’ anxiety about the event.
Increase in Hack Incidents
The frequency of hack incidents is increasing day by day. Following a recent hack at Bungee Exchange, hackers gained control over $3.3 million in investments.
After this incident, the malicious individuals converted the stolen stablecoins into Ethereum. Such situations highlight the need to address security vulnerabilities in cryptocurrencies before a potential bull market, sparking increased discussions on the subject.
While there has been no statement regarding VET so far, the extent of the losses will be observed in the coming hours. What actions VeChain will take in response to this issue is already a matter of great speculation.
