Hackers Hijack Microsoft's X Account to Promote Fake Clippy Token

Microsoft's X account was hijacked by hackers for approximately 30 minutes, during which time they used the account's 13 million followers to promote a fake crypto token tied to the old Office paperclip, Clippy.

The attackers swapped the profile picture to Clippy and had the account follow and repost an account posing as Clippy's comeback, pushing a token called $Clippy and claiming it had a liquidity pool paired with Microsoft's own stock ticker, $MSFT.

Microsoft confirmed the breach and stated that the account 'has been secured and the unauthorized posts have been removed.'

Although the token's liquidity pool was valued at over $200,000, the claim that it was backed by Microsoft stock was never true.

Microsoft has stated that it is pursuing legal action against the individuals responsible for the hack.