As a long-term crypto investor with a decade of experience in the industry, I can’t help but feel a sense of unease and disappointment upon hearing about the latest hacking incident involving prominent figure GCR. The news that his X account was compromised through a bribe and used for a pump-and-dump scheme is not only a violation of trust but also a reminder of the inherent risks in this space.
Anonymous cryptocurrency trader GCR disclosed that his X account was compromised following a bribe, instigating a manipulative pump-and-dump scheme involving ORDI.
On May 26th, the anonymous cryptocurrency trading account belonging to GCR, known as X, was breached. It is reportedly claimed that the intruders used a bribe as a means to influence the listing of two particular tokens on various cryptocurrency exchanges.
It seems that two months ago, I received a warning from an individual associated with Twitter about bribes being offered for access to my account. I took precautions by enhancing my security measures. However, the concerning news is that there are reportedly X employees who have accepted payments in exchange for admin access. This means that despite my efforts, there may be vulnerabilities within the system.
— GCR (@GiganticRebirth) May 26, 2024
GCR, a well-known figure in the cryptocurrency world, notified his audience about a security incident through a post on another account using the X-post feature. He revealed that unauthorized individuals had taken over his original account and exploited it to promote ORDI, a BRC-20 token linked to the Ordinals protocol on the Bitcoin network, and LUNA2, a token intended to revive the Terra Luna ecosystem post the UST stablecoin’s collapse in May 2022.
I received a warning two months ago from an individual associated with Twitter that bribes had been offered to gain access to my account. In response, I took steps to enhance the security of my account. However, it seems that despite these efforts, there is still no true security when X employees are willing to sell admin access for money.
GCR
As a researcher studying the cryptocurrency market, I observed an intriguing event unfold shortly after a hacked account announced news about ORDI token on Bybit. The price surge was dramatic, climbing from $38 to reach a high of $46 in a brief span. However, this upward trend proved to be short-lived as the price plummeted back down to $40 within minutes.
Investigation of @GCRClassic hacker reveal will be posted in next 12-24 hrs.
— ZachXBT (@zachxbt) May 26, 2024
Although the true identity of the hacker is still undisclosed at present, according to ZachXBT’s post on his X account, there’s a strong possibility that the hacker’s identity will be unveiled within the next 12-24 hours. Moreover, ZachXBT pointed out that the hacker made some mistakes while laundering their ill-gotten funds through centralized exchanges, providing an opportunity for investigators to trace their transactions and potentially expose their true identity.
Several sources suggest that before the hack of GCR’s account, an unidentified individual is believed to have created substantial trades on numerous centralized exchanges. This could possibly point towards their involvement in the incident.
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2024-05-27 12:04