Attackers are attempting to target X users following the launch of X Money. After numerous X users reported receiving unsolicited password reset emails, a representative said the social media company was actively investigating the issue but had not yet found evidence that the hacks were successful.
On Tuesday, X product engineer Mridul Singhai posted to the social network that the company was looking into users’ complaints about the mass password reset attempts.
“Attackers appear to believe that, now that @XMoney is widely available, they can gain unauthorized access to accounts,” he wrote. “We are actively investigating the issue and, so far, have found no evidence of any breaches. We apologize for the multiple emails and appreciate your patience as we work to resolve this.”
X Money is X’s newly launched payments service, which includes a bank card with 3% cashback, instant payments, free ATM withdrawals, and other digital banking services. The accounts themselves are held at the FDIC-insured Cross River Bank. For X, the service could make it easier for creators to collect payments on the platform, further facilitating X’s digital economy.
Of course, money changing hands has a tendency to attract bad actors, which is what X says may be happening here.
