Yat Siu's account hacked on X platform

On December 26, a post was published on the X platform from Yat Siu's account, advertising a fake token, MOCA, created on Solana through the Pump.fun platform. Although the post was quickly deleted, the damage had already been done.

The scammers used Siu's name to promote the counterfeit cryptocurrency, which earned them short-term profits. The coin peaked at $36,700 but quickly fell to $7,700, and at the moment is valued at only $6,200, with minimal trading volume.

How do scammers take over accounts?

Security researcher ZachXBT reported that Yat Siu likely became a victim of phishing, a tactic that has affected many crypto activists in recent weeks.

The criminals used social engineering, posing as the X platform team and sending fake copyright violation notices. This tricked victims into visiting phishing websites, where they entered their login credentials, passwords, and 2FA data, giving the scammers control of their accounts to spread fake tokens and schemes.

Fake tokens and their consequences

The scammers deployed a fake MOCA token contract at the same address as in previous cases. These counterfeit coins attracted the attention of investors, but their value quickly plummeted once it became clear they were a scam. The spread of fake assets, especially through the accounts of influential figures, creates risks for trust and security in the cryptocurrency ecosystem.