Azoundria: Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/foresightventuresmingaiothertokenstwitterxphishing.php}} {{Unattributed Sources}} Foresight Ventures Logo/HomepageForesight Ventures' Twitter/X account was hacked, leading to the launch of several tokens and up to $500,000 raised. The exact amount tied specifically to Foresight Ventures remains unclear. The hack prompted various reactions on Twitter,..."

2025-03-06T00:57:28Z

Created page with "{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/foresightventuresmingaiothertokenstwitterxphishing.php}} {{Unattributed Sources}} thumb|Foresight Ventures Logo/HomepageForesight Ventures' Twitter/X account was hacked, leading to the launch of several tokens and up to $500,000 raised. The exact amount tied specifically to Foresight Ventures remains unclear. The hack prompted various reactions on Twitter,..."

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{{Imported Case Study With About|source=https://www.quadrigainitiative.com/casestudy/foresightventuresmingaiothertokenstwitterxphishing.php}}
{{Unattributed Sources}}

[[File:Foresightventures.jpg|thumb|Foresight Ventures Logo/Homepage]]Foresight Ventures' Twitter/X account was hacked, leading to the launch of several tokens and up to $500,000 raised. The exact amount tied specifically to Foresight Ventures remains unclear. The hack prompted various reactions on Twitter, with some users embracing the supposed AI technologies, while others expressed frustration over the scam. Despite the hackers' success in building up tokens before the breach was officially reported, and Foresight News issuing an update about the hack, no information was provided regarding compensation for the victims.<ref name="foresightnews-18291" /><ref name="cryptopolitan-18292" /><ref name="cryptorank-18293" /><ref name="binance-18294" /><ref name="wublockchaintwitter-18295" /><ref name="beincrypto-18296" /><ref name="ascendextweet-18297" /><ref name="imakefireathometweet-18298" /><ref name="solscantokenpage-18299" /><ref name="siraso420twitter-18300" /><ref name="psychowifbagtwitter-18301" /><ref name="ripsolanabnbtwitter-18302" /><ref name="notokyctwitter-18303" /><ref name="salmanmalki94twitter-18304" /><ref name="bengbeng474twitter-18305" /><ref name="strongpandaostwitter-18306" /><ref name="strongpandaostwitter-18307" /><ref name="geoxmetaxtwitter-18308" /><ref name="0xishanstwitter-18309" /><ref name="0xdvbtwitter-18310" /><ref name="bogdanfieraruuktwitter-18311" /><ref name="geoxmetaxtwitter-18312" /><ref name="abhdkskfucktwitter-18313" /><ref name="thornenotwitter-18314" /><ref name="0xmrbobatwitter-18315" /><ref name="geoxmetaxtwitter-18316" /><ref name="arkamusseftwitter-18317" /><ref name="kelseyk1992twitter-18318" /><ref name="nakamotoxtwitter-18319" /><ref name="forestbai1twitter-18320" /><ref name="geoxmetaxtwitter-18321" /><ref name="shenqiu8888twitter-18322" /><ref name="manrpatel1twitter-18323" /><ref name="cfcblue22twitter-18324" /><ref name="itscuentostwitter-18325" /><ref name="bengbeng474twitter-18326" /><ref name="bhavitgoya85289twitter-18327" /><ref name="eesientwitter-18328" /><ref name="sicmvndvs69twitter-18329" /><ref name="thornenotwitter-18330" /><ref name="forestbai1twitter-18331" /><ref name="bscnewstwitter-18332" /><ref name="forestbai1twitter-18333" /><ref name="azimoyz27twitter-18334" /><ref name="thr33protwitter-18335" /><ref name="cristiantonie07twitter-18336" /><ref name="forestbai1twitter-18337" /><ref name="forestbai1twitter-18338" /><ref name="asdex221twitter-18339" /><ref name="cryptocash78twitter-18340" /><ref name="tes20223twitter-18341" /><ref name="forestbai1twitter-18342" /><ref name="forestbai1twitter-18343" /><ref name="basedtruckertwitter-18344" /><ref name="nguyencapitaltwitter-18345" /><ref name="shibwhalestwitter-18346" /><ref name="masonl0ungetwitter-18347" /><ref name="0xzagatwitter-18348" /><ref name="basedtruckertwitter-18349" /><ref name="sanphamyeahtwitter-18350" /><ref name="foresightnewstwitter-18351" /><ref name="hendrizhejiwotwitter-18352" /><ref name="crypinsidertgtwitter-18353" /><ref name="sylviagenttwitter-18354" /><ref name="hahahohokoreatwitter-18355" /><ref name="clarozeyatwitter-18356" /><ref name="samblow32twitter-18357" /><ref name="smartviewaitwitter-18358" /><ref name="tcncryptotwitter-18359" /><ref name="kriptotayfatwitter-18360" /><ref name="mlionaitwitter-18361" /><ref name="iayakovenkotwitter-18362" /><ref name="sylviagenttwitter-18363" /><ref name="mastercryptohqtwitter-18364" /><ref name="coinwatchernewstwitter-18365" /><ref name="thisisksatwitter-18366" /><ref name="cryptonewsxtwitter-18367" /><ref name="tokenpulsejptwitter-18368" /><ref name="adelereolu28372twitter-18369" /><ref name="putinwithtrumptwitter-18370" /><ref name="0xonlycallstwitter-18371" /><ref name="cryptovkafeedtwitter-18372" /><ref name="maryleharristwitter-18373" /><ref name="tradewithjessetwitter-18374" /><ref name="salehzadahstwitter-18375" /><ref name="crazyoxethtwitter-18376" /><ref name="hashnews01twitter-18377" /><ref name="60711twitter-18378" /><ref name="cryptomehn1twitter-18379" /><ref name="muhabbitnewstwitter-18380" /><ref name="theblocktwitter-18381" /><ref name="muhabbitnewstwitter-18382" /><ref name="bitbankmarketstwitter-18383" /><ref name="xnljaoktwitter-18384" /><ref name="wublockchain12twitter-18385" /><ref name="trackingcr5640twitter-18386" /><ref name="cryptotakingtwitter-18387" /><ref name="everythingajaytwitter-18388" /><ref name="bscnheadlinestwitter-18389" /><ref name="xprinceclonetwitter-18242" /><ref name="cryptopnzcomtwitter-18390" /><ref name="soubtctwitter-18391" /><ref name="solixtradetwitter-18392" /><ref name="muhabbitcomtwitter-18393" /><ref name="coinduyurusutwitter-18394" /><ref name="muhabbitcomtwitter-18395" /><ref name="raven1696559twitter-18396" /><ref name="chrisbarretttwitter-18397" /><ref name="ethosscantwitter-18398" /><ref name="asa7lae7stwitter-18399" /><ref name="synthiaaiagenttwitter-18400" /><ref name="ainewsiotwitter-18401" /><ref name="linktree-18402" /><ref name="foresightventures-18403" /><ref name="foresightnews-18404" />

== About Foresight Ventures ==
Foresight Ventures is a crypto venture capital firm focused on bridging the Eastern and Western crypto ecosystems. With a research-driven approach and offices in the US and Singapore, they specialize in crypto investments and incubation. The firm supports innovative projects shaping the future of digital finance and leverages its media network, including The Block, Foresight News, BlockTempo, and Coinness, to gain unique insights and influence in the crypto space. Foresight Ventures aims to identify and back exceptional teams and visionary projects.
== About Foresight News ==
Foresight News is the largest multilingual Web3 media platform in the Asia-Pacific region, established in January 2022. It has quickly become a leading media outlet for Web3 news, offering insights and coverage on the latest developments in cryptocurrency, blockchain, and decentralized technologies. Foresight News aims to bridge Eastern and Western Web3 ecosystems, with a focus on providing high-quality content and in-depth analysis to a global audience. In December 2022, Foresight News expanded by launching an English-language platform to cater to international readers.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
Foresight Ventures account posted several different tokens which were subsequently rug pulled, causing inventors near total losses of their funds.
{| class="wikitable"
|+Key Event Timeline - Foresight Ventures MingAI Other Tokens Twitter/X Phishing
!Date
!Event
!Description
|-
|January 11th, 2025 7:30:00 AM MST
|Why Are You Rugging So Much
|Twitter/X user imakefireathome asks Foresight Ventures why they are "rugging so much". He references a screenshot of a post about contract address 54e29yDwHZ6fG1FmdPFnxqLcwPL87bQv373mxZy9pump
|-
|January 11th, 2025 9:27:00 AM MST
|AscendEx Proposal To List
|AscendEx responds to the phishing post with a porposal to potentially list the new token on their exchange platform.
|-
|January 11th, 2025 9:36:00 AM MST
|Foresight News Article Posted
|Foresight News posts an article about the Foresight Ventures X account having been hacked.
|-
|January 12th, 2025 2:54:00 PM MST
|CryptoPolitan Article Posted
|CryptoPolitan posts an article about the recent hacks of the Twitter/X accounts of Litecoin and Foresight Ventures.
|}

== Technical Details ==
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

== Total Amount Lost ==
"Foresight Ventures’ X account was hacked, linked to $500,000 raised through 15 compromised accounts"

It is unclear what portion of this sum is linked to Foresight Ventures specifically.

The total amount lost is unknown.

== Immediate Reactions ==
There were a significant number of reactions on Twitter, ranging from people who were embracing the new AI technologies purported to be created, to those who were annoyed at the scam. It appears that the hackers were able to successfully launch and build up several tokens over several hours, some even before any users caught on or there was any official report that there was a breached account.

== Ultimate Outcome ==
Foresight News posted a news update to report that their Foresight Ventures Twitter/X account had been compromised. There is no word on any compensation for victims.

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
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<ref name="cryptopolitan-18292">[https://www.cryptopolitan.com/hacks-foresight-ventures-and-litecoin/ https://www.cryptopolitan.com/hacks-foresight-ventures-and-litecoin/] (Accessed Mar 5, 2025)</ref>

<ref name="cryptorank-18293">[https://cryptorank.io/news/feed/dc87a-hacks-foresight-ventures-and-litecoin What do the recent hacks on Foresight Ventures and Litecoin mean?] (Accessed Mar 5, 2025)</ref>

<ref name="binance-18294">[https://www.binance.com/en/square/post/01-11-2025-foresight-ventures-x-account-compromised-recovery-efforts-underway-18801977806522 https://www.binance.com/en/square/post/01-11-2025-foresight-ventures-x-account-compromised-recovery-efforts-underway-18801977806522] (Accessed Mar 5, 2025)</ref>

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<ref name="ascendextweet-18297">[https://twitter.com/AscendEX_/status/1878116517063409859 AscendEX - "Hey Team, we're interested in getting $MingAI listed on our exchange. Slide into our DMs, and let’s discuss further." - Twitter/X] (Accessed Mar 5, 2025)</ref>

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Foresight Ventures MingAI Other Tokens Twitter/X Phishing - Revision history