Tron Confirms $45K Loss in DAO X Hack; Curve Finance Also Targeted

Tron DAO confirmed a $45,000 loss after a hacker took over its X account on May 2, using it to solicit fraudulent payments, while Curve Finance also faced a similar breach days later involving fake airdrop links.Both teams have since regained control of their accounts and are continuing investigations amid a broader rise in social media hacks targeting crypto platforms.The Tron DAO has confirmed that a recent hack of its official X account led to a loss of approximately $45,000. A Tron spokesperson revealed to a leading news outlet that the hacker, who gained control of the Tron DAO X account on May 2, used the platform to solicit payments through a malicious contract address, masquerading as an opportunity for paid promotional advertising.“Our security team quickly identified the intrusion and cut off access to the hacker,”the Tron public relations team stated, urging community members to remain cautious.We will never ask anyone for payments like this via DM or otherwise.The team emphasized that the funds were improperly acquired and continue to investigate the incident.According to Tron DAO, the breach likely originated from a targeted social engineering attack that compromised a team member’s account. Even after the hacker was locked out and Tron regained control, the attacker continued reaching out to others, offering posts from the main Tron account in exchange for payment.Tron founder Justin Sun also accused crypto exchange OKX of failing to act on a law enforcement request to freeze the stolen funds. However, OKX CEO Star Xu publicly denied the allegation, prompting Sun to delete the original post.Adding to the wave of recent high-profile social media breaches, decentralized lending protocol Curve Finance also reported that its X account was compromised. On May 5, the attacker posted a fraudulent link to a CRV token airdrop, which was quickly flagged by the crypto community. Curve Finance founder Michael Egorov confirmed that the malicious posts did not originate from their team, and no other internal systems appeared to be affected.With the help of cybersecurity firm SEAL and other partners, Curve regained control of its account. Investigators found that the hacker not only posted scam links but also actively blocked users who raised concerns, including well-known analyst CrediBULL Crypto. The root cause of the hack remains unknown, though Curve stated there was “no sign of any client-side compromise.”These incidents highlight a growing concern over security vulnerabilities on X. Other victims in 2024 include UK Parliament member Lucy Powell, whose account was hijacked in April to promote a scam token, and Kaito AI’s founder Yu Hu, whose compromised account falsely warned users of wallet breaches.As cyberattacks on crypto-related X accounts surge, experts urge platforms and users alike to implement stronger security measures, particularly in light of the increasing sophistication of social engineering tactics. The post Tron Confirms $45K Loss in DAO X Hack; Curve Finance Also Targeted appeared first on ETHNews.