Kick’s X Account Hacked to Promote Fake Solana Token KICK
Kick, owned by Stake.com, experienced a security breach on December 24 when hackers accessed its X account. The attackers promoted a fraudulent cryptocurrency called KICK, claiming it was Solana-based and directing users to suspicious wallet addresses.
Kick Addresses Crypto Plans After Attack
Kick co-owner Bijan Tehrani alerted users that the posts were scams, urging them to report the fraudulent content. The account was restored quickly, and users were advised to avoid any suspicious interactions.
Kick does not have a crypto token and has no plans for one. Do not trust any posts claiming otherwise. It’s a scam
— Bijan Tehrani (@BijanTehrani) December 24, 2024
Tehrani clarified that Kick is not associated with any non-fungible tokens (NFTs) and confirmed that there are no intentions to pursue crypto projects. However, Stake.com allows users to purchase Bitcoin using PayPal, stored in their wallets, and transactions can be made using debit or credit cards.
Increase in Crypto Scams
As the year ends, crypto scams have surged, targeting investors during the festive period. Blockchain security firms and law enforcement are developing strategies to combat these threats, but scammers continuously adapt their methods.
According to Coinspeaker, November saw over 9,200 users affected by scams totaling more than $9.38 million in losses across various cryptocurrencies, a decrease from $20.2 million in October and $46 million in September. Notable losses included $661,000 in stETH and $409,000 in WBTC.
This December has also seen several reported scams. Ledger, a cryptocurrency hardware wallet, warned users of phishing attempts through fake emails mimicking official communications. These emails claimed a security breach and attempted to extract recovery phrases from users by offering a “secure verification tool.”
Security experts advise vigilance as scams are expected to rise with increased online shopping during the holiday season, making it an opportune time for cybercriminals.