Treasure Rings Alarm over Bogus Promotions Following a Hack of X Accounts

A prominent online gaming platform operating under decentralized autonomous organization (DAO) protocols, Treasure, recently cautioned its users about the hack of some of its X accounts.

On July 24th, Treasure confirmed via a tweet that its X accounts, notably Playontreasure and Playbridgeworld, fell victim to cybercriminals.

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It called upon its users to avoid engaging with any links disseminated by these accounts. On top of that, the platform urged users to stay vigilant as "there <was> NO airdrop, new mint of TreasureTags, or anything else planned for" July 24th.

A follow-up tweet on July 25th saw the publisher notifying that the company has successfully reestablished control over the affected X accounts. At the end of its tweet, the company noted:

We take matters of security very seriously and have contained the issue. We’ve seen significantly more phishing attempts around the Treasure and Arbitrum ecosystems as of late so please continue to exercise an abundance of caution and be safe out there!

The company refrained from divulging further details regarding the hacking incident or its potential impact on users.

In the past weeks, Twitter now rebranded to X, has been one of the main places where scammers use hacked X accounts of prominent entities, such as Uniswap founder, OpenAI CTO and Circle CSO, to target their followers with fake promotions.

This indicates that malicious actors have been more active in targeting unsuspected victims on social media. To warn the crypto investors about possible attacks, the Vermont Department of Financial Regulation (DFR) rang the alarm belts on increasing cryptocurrency investment scams on social media platforms.