A security breach on Aptos Network’s Twitter handle has allowed scammers to promote a fraudulent APT token airdrop campaign. Following this news, APT prices are down 4% on the last trading day.

Aptos Network’s Twitter targeted 

Recently, the Twitter account of Aptos Foundation @Aptos_Network was hacked by scammers who used it to promote a fraudulent campaign. The scam involved a fake APT token airdrop and targeted unsuspecting individuals who clicked the link.

In a tweet on July 6, Aptos Labs announced that they are collaborating with Aptos Foundation to regain control of the compromised account and will keep the public informed on any developments.

Meanwhile, the Aptos blockchain continues operating optimally, as the network is secure.

Scammers targeting crypto influencers and projects

The social media handles of web3 projects and influencers have recently become prime targets for bad actors. This year alone, there have been various cases of this ugly incident.

In January, a popular non-fungible token (NFT) project, Azuki’s Twitter account, was breached, allowing malicious agents to get away with more than $750,000 worth of NFTs and crypto assets.

In March, the Twitter account of Dante Disparte, the chief strategy officer and director of global policy, was compromised to promote scam giveaways to loyal USDC users.

More recently, in April, reports emerged that KuCoin users had lost over $22k to bad actors who orchestrated a scam scheme through the exchange’s hacked official Twitter handle.

At press time, the APT token changes hands for $7.19, representing a 4.8% decline in the last 24 hours. According to trackers, APT has a market capitalization of $1,507,416,580, with a 24-hour trading volume of $84,196,675.

In June, Blockchain investigator ZachXBT reported that scammers compromised the Twitter accounts of eight popular figures in crypto, using them to propagate phishing scams, resulting in the theft of nearly $1 million worth of cryptocurrencies.