The crypto con involving “Roaring Kitty” leads to takeover of Microsoft India’s X profile.

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The Twitter account for Microsoft India, which has a following of 211,000, was recently taken over by individuals posing as Roaring Kitty, also known as Keith Gill, a trader known for meme stocks.

Microsoft India’s X account is a verified organization on the platform, giving the hijackers’ posts more credibility. The scammers are taking advantage of Gill’s recent resurgence to lure victims and infect them with cryptocurrency wallet drainer malware.

The hijacked Microsoft India account is being utilized to respond to tweets and guiding followers to a malicious website, presale-roaringkitty[.]com, where they can purchase GameStop (GME) crypto in a presale.

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Connecting cryptocurrency wallets to the website and authorizing transactions puts individuals at risk of having their assets stolen by threat actors. Bot accounts are also retweeting the compromised account’s posts to expand their reach and lure additional victims.

Lately, there has been a rise in the number of X users who have experienced their accounts being taken over. Even verified organizations have fallen victim to hacks that promote cryptocurrency scams and steal money from their wallets. The @SECGov account of the U.S. Securities and Exchange Commission was also hacked through a SIM-swapping attack, resulting in a misleading announcement regarding Bitcoin ETF approval.

Several other X accounts, including Netgear, Hyundai MEA, and CertiK, have been compromised in order to promote crypto wallet draining. Hackers are now focusing on verified government and business X accounts to make their tweets appear more legitimate, leading users to phishing websites that advertise cryptocurrency scams.

X individuals have been inundated with deceitful advertising pertaining to digital currency, resulting in fraudulent schemes, fabricated giveaways, and theft of digital assets. As reported by blockchain specialists at ScamSniffer, a lone campaign called ‘MS Drainer’ robbed 63,000 people of approximately $59 million worth of cryptocurrency between March and November.