Hackers Target Major Sports Organization’s Social Media, Promote Fake Crypto

Hackers target UFC Instagram account with fake crypto scam

  • The UFC‘s Instagram account was compromised with unauthorized cryptocurrency promotional content.
  • Fraudulent post remained visible for over 30 minutes, promoting a suspicious cryptocurrency investment opportunity.
  • Both main feed post and Instagram Story containing links to fraudulent cryptocurrency were eventually removed.
  • The incident reflects broader cryptocurrency scam trends, with Americans losing $5.6 billion in 2023.
  • Coincides with Bitcoin‘s recent price surge to $109,026.02 following potential U.S. strategic reserve plans.

The Ultimate Fighting Championship (UFC)‘s official Instagram account, followed by millions of combat sports enthusiasts, fell victim to a cryptocurrency-related security breach on Wednesday evening, highlighting the ongoing vulnerability of high-profile social media accounts to digital asset scammers.

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The unauthorized post, which remained visible to the organization’s followers for approximately 30 minutes, included the message:

“UFC fans have been waiting, and the moment is here. Get ready to own the legacy. Precision. Strength. All in one coin. #UFC #UnleashTheFight” alongside a cryptocurrency wallet address.

UFC Instagram account hack

The incident involved a two-pronged approach by the Hackers, who not only created a main feed post but also utilized the Stories feature to direct users to a fraudulent cryptocurrency purchase platform.

UFC Instagram account hack

A UFC representative promptly confirmed the illegitimacy of the posts.

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This security breach occurs amid rising cryptocurrency-related fraud cases. According to financial crime data, Americans lost more than $5.6 billion to cryptocurrency Scams in 2023, demonstrating the scale of digital asset-related fraud in the current market.

The timing is particularly noteworthy as it coincides with Bitcoin‘s remarkable surge to $109,026.02, driven by President Trump‘s announcement regarding potential plans for a U.S. Bitcoin strategic reserve. This contextual backdrop may have influenced the attackers’ timing, attempting to capitalize on heightened crypto market interest.

The UFC‘s social media team has initiated security protocols to prevent further unauthorized access, highlighting the ongoing challenges major organizations face in protecting their digital assets from cryptocurrency-related security threats.

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