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. 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 exposing them to more hacks.
