The X account of Michael Saylor’s software firm sent out a post announcing the launch of an MSTR token and a link for claiming the fake token. MSTR is MicroStrategy's stock symbol.

there was a second best after all

(hacked acc if not obvious lol) pic.twitter.com/cdLqbqiiCO
— Spreek (@spreekaway) February 26, 2024

MicroStrategy is a business intelligence software maker that has invested more than $6 billion in bitcoin (BTC) and is the largest publicly traded owner of the No. 1 cryptocurrency by market cap. Founder and Executive Chairman Saylor is a supporter of the token and frequently posts about it on the social media platform. Today the Tysons Corner, Virginia-based company said it bought another 3,000 BTC, taking the total owned to 193,000.

The phishing attempt led to over $440,000 worth of crypto being stolen, ZachXBT added. The post has since been deleted.

0xe7645b8672b28a17dd0d650a5bf89539c9aa28da

~$440K stolen from the compromise so far
— ZachXBT (@zachxbt) February 26, 2024

MicroStrategy did not immediately respond to a request for comment.

UPDATE (Feb. 26, 16:27 UTC): Adds MicroStrategy's stock ticker is the same as that of the purported token in second paragraph, background on the company and it's interest in bitcoin in third.

MicroStrategy Hack Zachxbt

Parikshit Mishra

Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. Before joining CoinDesk, he was the European Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.