Tue, September 24

OpenAI X Account Falls Victim to Cryptocurrency Phishing Scam

OpenAI’s X Account Falls Victim to Cryptocurrency Phishing Scam Market News
  • OpenAI X account was hacked, promoting a fake OPENAI cryptocurrency.
  • Phishing sites aimed to steal users’ crypto wallet credentials.

On Monday, Sam Altman’s OpenAI X account was hacked in an attempt to deceive users with a fraudulent cryptocurrency scheme. Hackers posted a message promoting a fake blockchain token, $OPENAI, luring unsuspecting users to a phishing site that aimed to steal their crypto wallet credentials.

The hack targeted OpenAI’s official newsroom account on X (formerly Twitter), which is used to share updates about the company. The fraudulent post falsely claimed that OpenAI had launched a token called $OPENAI, inviting users to claim a share of the cryptocurrency by linking their wallets. In reality, the token does not exist, and the post linked to a website designed to steal users’ information.

Moreover, the fake post, filled with errors such as calling the token $OPEANAI instead of $OPENAI, appeared at 6:24 PM ET. The phishing website, “token-openai.com,” mimicked the official OpenAI site and displayed a “CLAIM $OPENAI” button to entice users into connecting their wallets. The scam post had no comment section, making it harder for users to recognize it as a fraud.

Need Of Heightened Security Measures

This incident is part of a series of similar breaches targeting OpenAI employees’ accounts. In June 2023, OpenAI’s Chief Technology Officer Mira Murati had her X account hacked in a nearly identical cryptocurrency scam. Other senior staff members, including Chief Scientist Jakub Pachocki and researcher Jason Wei, have also been victims of similar hacks.

Cryptocurrency scams have surged recently, with the FBI reporting that Americans lost $5.6 billion to these schemes in 2023 alone. OpenAI has acknowledged the breach and advised users to avoid interacting with suspicious posts. Despite the incident, OpenAI remains focused on its innovations. It includes the upcoming launch of a voice feature for ChatGPT to improve user interaction.

Meanwhile, with cyberattacks rising across the tech industry, experts urge heightened security measures, especially for high-profile companies handling sensitive data or public trust.

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