Skip to content

Use 2FA: Prevent account takeovers on X

September 5, 2024

Amid Memecoin Scams

Captura de Pantalla 2024 09 05 a las 9.46.50

Enabling 2FA adds an additional layer of security to prevent takeovers on X. Recently, prominent social media accounts have been compromised in a surge of hacking incidents aimed at promoting fraudulent cryptocurrency schemes, particularly memecoins. These hacks have targeted well-known figures across various sectors, not only in Mexico but also internationally. Attackers leverage hijacked accounts to deceive users into investing in fake cryptocurrencies, causing both financial losses and reputational damage. This report highlights critical security measures to safeguard your online presence.

2FA adds an additional layer of security to prevent takeovers on X
Enabling 2FA adds an additional layer of security to prevent takeovers on X

1. Context: The Global Rise of Social Media Account Hacks

In the past weeks, X (formerly Twitter) has witnessed an alarming spike in account takeovers. Hackers have repurposed these accounts to promote fake cryptocurrency projects, luring followers into scams. For example, a memecoin named after the Trump family or McDonald’s “Grimace” token scam surged momentarily before crashing, leading to significant financial losses​

These attacks often exploit verified accounts to create a false sense of legitimacy, fooling even experienced users into falling for fraudulent offers. The consequences are not just financial but also undermine the trust in social media platforms.


2. Key Security Measures to Protect Your Account

During a recent interview, cybersecurity expert Alberto Escorcia emphasized several critical steps for users to fortify their X accounts against these increasingly common threats:

a) Two-Factor Authentication (2FA)

Enabling 2FA adds an additional layer of security, requiring a secondary code (sent to your phone or email) in addition to your password. This is crucial, as it prevents unauthorized access even if hackers obtain your password.

b) Use of Strong, Unique Passwords

Escorcia recommends creating complex passwords that combine uppercase and lowercase letters, numbers, and symbols. Regularly updating your passwords every few months can significantly reduce the risk of exposure.

c) Avoid Suspicious Links

A key tactic in these scams is the use of phishing links sent via direct messages or publicly posted by compromised accounts. Never click on unfamiliar links, even if they appear to be from a known contact.

d) Be Aware of Emerging Scams

Scammers frequently exploit trending topics, such as new memecoins, promising unrealistic returns. Be skeptical of investment opportunities that seem too good to be true, especially if promoted on social media​(


3. Advanced Security Recommendations

2fa helps you to be secure
2FA helps you to be secure

For high-profile individuals or those at greater risk, additional measures such as using hardware security keys, avoiding SMS-based 2FA, and employing encrypted communication methods can provide extra protection against more sophisticated threats like SIM swapping or spyware​


Conclusion: Vigilance and Proactive Measures are Key

The recent surge in account hijackings highlights the ongoing evolution of digital threats. However, users can protect themselves by following these fundamental security practices: enable two-factor authentication, maintain strong and frequently updated passwords, and stay vigilant against suspicious links. These steps will not only safeguard your personal accounts but also help mitigate the impact of this growing wave of cybercrime.

See more: