Crypto VC Polychain Capital confirms that founder X’s account has been deleted
Crypto venture capital Polychain Capital has confirmed that the X account of its founder and CEO, Olaf Carlson Wie, has been hacked.
In a statement on January 4, Polychain urged X users to stay away from Carlson-Way's handle until further notice.
Important note: Olaf's personal Twitter (@zxocw) has been hacked. Please do not engage with this handle until further notice.
— Polychain (@polychain) January 4, 2024
The Carlson-Way hacker started promoting the fake “$PCHAIN” token climate on XPost at 8:20 a.m. UTC on January 4, encouraging followers to click on a link to participate.
“To celebrate the New Year, we've decided to start streaming $PCHAIN Chapter 1 early! What are you waiting for? Take your share before it's too late!”
The message “Register below to participate” is added, along with a URL link that says it's related to Polychain.
Phishing scammers often post malicious links to get users to sign a risky transaction that drains crypto wallets.
The hacker continues to follow up with more posts. Approximately 41,000 X users have viewed the original post at the time of writing.
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Ethereum founder Vitalik Buterin X's account was hacked in September, where the hacker was able to withdraw $691,000 from victims who clicked on a fake malicious link for free NFT.
Venture capital firm Blockchain Capital and decentralized finance protocol Compound Finance also experienced similar exploits in August and December, respectively. Both events involve users pledging token claims.
San Francisco-based Polychain Capital was founded in 2015. It was founded in 2016. As of July 2023, assets under management stood at $2.6 billion. It is an investment firm that works on “actively managed portfolios” of various blockchain assets.
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