Twitter Account Hacked, Latoken Names Disappointed Employee Because He Was Fired As Mastermind

JAKARTA – The Twitter account of Russian crypto exchange Latoken appears to have been hacked by a hacker who started posting allegations that the exchange was a scam. According to the post, the exchange is promoting a “fraudulent IEO” and misleading its customers.

WARNING - THIS IS A SCAM EXCHANGE

They promote fraudulent IEO.

They promote IEOs that promise 100% to 500% growth.

They cheat and lie to the founders and employees.

They are misleading founders into thinking they will have a successful IEO when it never happens.

— LATOKEN (@latokens) January 24, 2022

The account profile picture was also changed to a fraud alert image, while the Twitter page bio was edited to “LATOKEN is a leading SCAM platform!” According to hackers, the exchange treated employees unfairly and also fired employees for no reason.

The hackers also accused the exchange of deliberately trying to "trick money out of the project" and promising 100%-500% growth without providing an explanation. The hackers also called Valentin Preobrazhensky, the founder of Latoken, a "liar" and a "face seller".

But after being able to hook over his twitter account, Latoken immediately made an announcement about a hack on their twitter account. Latoken also said many false tweets had been made during the time hackers took control of their accounts.

We're back!Our Twitter had been compromised by a rogue employee, who had full access to the account, and was fired on Jan 24, 2022, for breaching the code of ethics and unprofessionalism. A lot of misleading tweets were made that we outright rejects... (1/2) ️

— LATOKEN (@latokens) January 24, 2022

In addition to Latoken, LADEX's official Twitter, the company's decentralized exchange project was also compromised. The hacker posted a video of the meeting online showing Latoken's CEO shouting cursing at someone on the call.

According to a Cointelegraph report, the hacker also highlighted Trust Pilot's review of Latoken, which was only two out of five stars. However, a warning message on Trust Pilot said the site detected abuse on the Latoken page, stating that it had detected a number of fake reviews.

In response to the incident, Latoken's official Telegram account published an update notifying its users of the hack. The exchange said it believed the allegations to be the actions of a "disgruntled employee" and that its team was in touch with Twitter support to fix the issue.

Several crypto YouTube accounts have also faced a series of hacks recently. Hackers posted videos instructing viewers to send money to hackers' wallets using accounts of high-profile figures such as BitBoy Crypto, Box Mining, Ivan on Tech and even boxing superstar Floyd Mayweather Jr. Fortunately, many account owners can detect and delete videos within minutes.

Back in 2020, a similar hack broke into the Twitter accounts of prominent people. The official accounts of Elon Musk, Kanye West, Bill Gates and others were hacked by a Bitcoin (BTC) thief who published a post claiming to be able to double the amount of crypto sent to a specific wallet address.