The perpetrator claimed the attack on the Twitter account was due to ill-treatment of employees of the exchange.
A hacker appears to have gained access to the Russian crypto exchange Latoken’s Twitter account, where he began making claims that the exchange is a hoax. The exchange is allegedly advertising “scam IEOs” and deceiving its clients, according to the postings.
The account’s profile photo was changed to a scam warning graphic, while the bio on the Twitter page was altered to “LATOKEN is the premier SCAM platform!” The hacker claims that the exchange treats employees unjustly and dismisses them for no reason.
The hacker further accused the exchange of attempting to “scam money out of projects” by promising 100% – 500% growth but failing to deliver. Valentin Preobrazhensky, the founder of Latoken, was also dubbed a “liar” and a “face salesman” by the hacker.
Apart from Latoken, LADEX’s official Twitter account was also hacked, as was the company’s decentralized exchange concept. The hacker shared a video of the Latoken CEO cursing someone on the other end of the line during an online conference.
The hacker also mentioned Trust Pilot’s poor rating on Latoken, which is just two stars out of five. However, a Trust Pilot warning letter claims that the site discovered abuse on Latoken’s website, claiming that it found a number of bogus reviews.
In reaction to the attack, Latoken’s official Telegram account issued a statement informing its subscribers of the occurrence. The exchange thinks the allegations are the result of a “disgruntled employee,” and that its staff is working with Twitter to resolve the issue.
This attack isn’t the first of its kind
Several cryptocurrency YouTube accounts have recently been hacked. Hackers released videos instructing viewers to donate money to the hacker’s wallet using the accounts of well-known people including BitBoy Crypto, Box Mining, Ivan on Tech, and even boxing legend Floyd Mayweather Jr. Fortunately, many of the account owners were able to quickly notice and remove the recordings.
In the year 2020, a similar attack exposed the Twitter accounts of well-known people. A Bitcoin (BTC) thief hacked the official accounts of Elon Musk, Kanye West, Bill Gates, and others, publishing posts claiming to double any crypto amount transferred to a certain wallet address.
