MicroStrategy, a significant corporate holder of Bitcoin, experienced a security breach on its X account, leading to a phishing scam that tricked users into sending funds to the attackers. The incident resulted in a loss of over $500,000, as reported by various sources including ZachXBT and PeckShield. The compromised account posted misleading messages, including an Ethereum (ETH) scam and a fake promotion for a $MSTR token, falsely promising low gas fees and backing by MicroStrategy's Bitcoin reserves. Users were advised to avoid clicking on any suspicious links and to exercise caution.