Last night, MicroStrategy experienced a security breach resulting in the loss of $440K due to a phishing scam.

MicroStrategy’s X account was compromised, leading to the posting of malicious links for a fake Ethereum-based MSTR token airdrop. Users who clicked on the links were directed to a fraudulent MicroStrategy webpage, where they were prompted to connect their wallets and claim the fake airdrop. As a result, attackers were able to drain users’ wallets, with losses exceeding $440,000. Crypto experts criticized the scam for its obvious nature, noting that MicroStrategy primarily focuses on Bitcoin and is unlikely to launch a token on Ethereum. Despite the hack, MicroStrategy has not publicly commented, but the company has a history of being targeted by scammers. This incident comes after MicroStrategy recently announced a $37 million BTC purchase, further solidifying its significant holdings in Bitcoin.