Hackers Hijack Scroll Founder Account to Impersonate X Staff

Malicious actors have hijacked the X account of Scroll co-founder, Ye Chen. The hackers took control of the account and have used it to send phishing direct messages (DMs) to impersonate X’s Rights and Compliance Team.

As highlighted by Wu Blockchain, the hackers are attempting to trick users into clicking on a malicious appeal link.

Hackers Use Trusted Account to Launch Phishing Campaign

Notably, the hackers have composed a deceptive message that makes it appear as if the recipient has violated Internet Protocols.

The attack is a common tactic employed by malicious actors to exploit trusted accounts in the online space. After hijacking Chen’s account, an influential figure in the crypto space, they proceeded to make reposts of verified accounts to make the feed look legitimate.

The move was meant to divert any suspicion away from their activities. This included sending the deceptive DMs and threatening account restrictions unless users click on the malicious link attached within a 48-hour window.

The hackers relied on time sensitivity and fear of losing their accounts to create panic with hopes that users would fall for the phishing scam.

Similar Impersonation Attacks Linked to Ethena Labs

Wu Blockchain has, however, alerted the broader crypto community of the move and the need to be cautious to avoid falling victim.

It has also been observed that there are community reports of similar phishing messages from accounts impersonating Ethena Labs. The hackers appear to have faked an Ethena Labs verification badge to make it look like a legitimate message.

This emphasizes the extent to which malicious actors could go to use social engineering in an attempt to defraud unsuspecting victims of their funds.

As of this writing, there has not been any update that Ye Chen has been able to recover his account from the malicious hijackers. Members of the community are calling for wallet security and caution by users who receive DMs going forward.

Rising Social Engineering Threats in Crypto Space

The latest attack on Ye Chen highlights the growing threat of social engineering attacks. In August 2025, a Bitcoin investor lost $91 million worth of his assets in a single transaction after impostors posed as a crypto exchange and hardware wallet support.

Meanwhile, new data reveal that there are rising physical attacks now linked to crypto holders. This emphasizes the need for both online and offline vigilance as malicious actors continue to evolve new approaches to steal assets.