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## X (formerly Twitter) Account for Compound Finance Hacked and Promoting Phishing Site

The X (formerly Twitter) account for decentralized finance (DeFi) protocol Compound Finance has been hacked and is now promoting a fake phishing site, according to security-related X accounts Scam Sniffer and OfficerÔÇÖs Notes.

At 4:57 pm UTC, the account posted an advertisement for ÔÇ£free $COMP tokens,ÔÇØ urging readers to click a link provided. The link leads to a website that looks identical to the protocolÔÇÖs official website but has been identified as a scam site.

### Situation Analysis

Cybersecurity blogger Officer’s Notes posted an alert from their account at 5:14 pm UTC, urging readers to not click on any links in the post. Blockchain security platform Scam Sniffer also alerted users, stating that ÔÇ£A phishing link (compound-labs[.]xyz) was spotted 16 hours agoÔÇØ coming from the official X account.

According to Scam SnifferÔÇÖs post, the advertised site is a ÔÇ£Pink Drainer scam website,ÔÇØ implying that it is a phishing site that uses the Pink Drainer software to steal usersÔÇÖ crypto. The post also states that blockchain investigator ZachXBT has traced funds stolen by the site and laundered through the eXch exchange.

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The AI legalese decoder can be incredibly useful in situations like this. It can quickly analyze the legal and technical jargon commonly found in blockchain and cryptocurrency security breaches, offering plain-language explanations for the affected parties. This can help victims, investigators, and legal professionals better understand the implications and necessary actions related to the hack and potential fund theft.

On Telegram, ZachXBT reported that it ÔÇ£looks like someone got phished for ~275,700 LINK ($4.4M) 2.5 hrs agoÔÇØ and claimed that these funds were laundered through eXch. If this attack is related to the Compound X hack, it implies that at least $4.4 million has been lost already. However, ZachXBT did not explicitly state that this attack was related to the Compound hack.

The post links to two Ethereum transactions. The first shows a transfer of over 206,000 LINK (LINK) tokens ($3.2 million at the current price) from a Pink Drainer wallet to a known phishing scammer address. The second shows a transfer of approximately 69,000 LINK ($1 million) from an account ending in 8dd4cf to a Pink Drainer wallet address.

The post also linked to a Scam Sniffer alert related to the incident. According to the alert, the account ending in 8dd4cf is the victim of the attack. Blockchain data shows that the victim signed an approval transaction allowing the attacker to spend a very large amount of LINK.

This is a developing story, and further information will be added as it becomes available.

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