KickStreaming’s account on X was hacked and used to distribute fraudulent Solana-based tokens.
On December 24, the online streaming platform’s official X account directed users to links from questionable wallet addresses to fraudulent subscribers. The post claimed that the “Kick Token” has the potential to provide solutions to the blockchain community and individual creators.
Bijan Tehrani, the co-founder of KickStreaming, immediately responded to the issue on X. There, he explained that the publicly released Kick token was neither a real token nor was the platform planning to release a token. He encouraged users to report these fraudulent messages as the company attempted to regain control of his account.
Fraudulent tokens on the rise
Cybercriminals often use hacks of famous social media accounts as a way to promote their fake tokens and scams based on the trust and authority associated with legitimate accounts. In the crypto industry, these hacks are particularly destructive because users often rely on platforms and influencers for their information.
One of the most recent cases is the hacking of the X account linked to Philip Bankss, the artist behind Chill Guy. Unauthorized users hacked his accounts and began using them to advertise a coin of the same name, claiming that he had licensed his intellectual property and artwork for the project. He publicly denounced the scam stating that he did not support them or allow them to use his work in the crypto space.
Solana (GROUND) blockchain, known for its fast transactions with low fees, has also become a constant target of many fraudsters. Its technical characteristics have been used by scammers to their advantage. Recently, scammers manipulated the Solana “Permanent Delegate” extension, which was supposed to recover by mistake burned tokens. As a result, several victims had zero balances for confirmed swaps.