Tron DAO and Curve Finance experienced breaches of their official X (Twitter) accounts on May 2, 2025, resulting in a $45,000 theft due to sophisticated social engineering attacks. Attackers posted fraudulent contracts and solicited funds from users, exploiting verified account status to deceive victims. The incident involved key industry figures and continued attempts at fraud even after access was restored. This hack underscores persistent social media vulnerabilities, echoing similar high-profile compromises, and has sparked calls for stricter security measures across the crypto sector. Experts point to the growing need for advanced security protocols to safeguard both business and individual accounts in light of recurring breaches.
Tron and Curve Finance X Accounts Hacked in $45K Scam, Exposing Crypto Social Media Risks
May 6, 2025, 11:18 a.m.
2 sources
negative
Negative short-term sentiment is likely as user trust is damaged; historically, security breaches have caused price declines or volatility for affected projects.
Immediate reputational harm could lead to short-term price weakness. Past hacks in DeFi often trigger sell-offs and reduced investor confidence in the near term.
Sources
Tron says DAO X hack cost victims $45K, Curve Finance also hit
Cointelegraph
06.05.2025 03:14
Tron DAO Hack: $45K Loss, Curve Also Targeted
bitcoininfonews.com
06.05.2025 03:43
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