Polychain Warns Users Against Engaging with CEO’s X Account Following Hack
Digital assets fund management company, Polychain Capital has urged users not to interact with the X (formerly Twitter) account of its CEO following a hack.
In a Jan 4 X post, the platform acknowledged the breach on the account of its CEO Carlson Wee asking users not to engage until further notice.
Important Notice: Olaf’s personal twitter (@zxocw) has been compromised. Please do not engage with this handle until further notice.
— Polychain (@polychain) January 4, 2024
The incident was detected when the CEO’s and founder’s account started promoting fake airdrops without a sign-off from management seeking to get community engagements.
A post of a “PCHAIN” token airdrop on Jan 4 was advertised as part of the New Year’s celebration of the company in addition to links disguised as relating to the firm.
“In celebration of the New Year, We have decided to start the $PCHAIN phase 1 distribution early! What are you waiting for? Get your share before it’s too late! Register below to participate.”
Consequently, the hacker continued with more pistols related to the subject matter with over 41,000 viewing the posts. However, it can be seen that the hacker’s posts on the account have been taken down but the platform has not given the official go-ahead on X to engage with the account at press time.
Polychain is a cryptocurrency venture capital firm based in the United States with investment in technology and about $2.6 billion in assets under management (AUM).
Over the years, blockchain phishing scams have gained notoriety as a way of tricking users into clicking malicious links from scam websites or authentic sources that have been compromised. If a user clicks or engages, they may be lured to deposit funds or engage with a scam network
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