A shocking incident has rocked the cryptocurrency world. The official X account of the KICK platform, @kickstreaming, was hacked. The attackers used the platform’s official account to share a coin, leading to a rug-pull shortly afterward. This resulted in significant financial losses for many users.
What is Kick Streaming?
Kick Streaming is a popular live-streaming platform, especially for video games and entertainment content. Launched in 2022, Kick was developed as a competitor to Twitch. It offers content creators a better revenue-sharing model and more flexible streaming rules.
Details of the Incident
Hackers took control of Kick Streaming’s official X account (@kickstreaming) and shared the contract address of a token on the Solana network. The post attracted investors and led them to purchase the token. After the token’s value quickly spiked, the hackers executed a rug-pull (fraud) by draining all the liquidity, leaving investors at a loss.
In the crypto world, always be cautious of scams. Avoid suspicious token shares and untrusted links. Check announcements from official accounts, protect your wallet, and enable two-factor authentication (2FA). Always do your research before investing.
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