TRON (TRX) Faces Social Engineering Attack: Official X Account Compromised

On May 2, 2025, TRON’s official X account fell victim to a social engineering attack, leading to unauthorized access and the promotion of a fraudulent contract address. The breach highlights ongoing security challenges in the cryptocurrency space, though TRON DAO swiftly regained control and warned users to disregard malicious messages. Below is a detailed summary of the incident and its implications for TRON (TRX) and its community.

TRON Blames Social Engineering Attack for Hacked X Account

TRON’s official X account was compromised on May 2, with the team attributing the breach to a social engineering attack. The hackers promoted a fraudulent contract address and engaged users through direct messages before TRON regained control.

TRON DAO warned users to disregard any direct messages sent from its account on the day of the attack, emphasizing that the hackers aimed to spread malicious information. The breach originated from a team member’s compromised account, highlighting vulnerabilities in personal security practices.

TRON Faces Potential 5% Dip Amid Weak Demand Despite Bullish Structure

TRON’s market structure appears bullish on the surface, but recent weakness in demand suggests a looming 4%-5% price correction. The TRX/USDT pair is testing mid-range resistance at $0.248—a level that, if flipped to support, could trigger a 10% rally. However, Bitcoin’s short-term bearish momentum and TRON’s fading bullish strength present immediate obstacles.

Fibonacci analysis reveals critical support at $0.222, corresponding to the 78.6% retracement of TRON’s November-December rally. This level also marks the lower boundary of TRX’s 2025 trading range. Market participants are watching whether the current retest of resistance will fail, potentially confirming the predicted dip.

TRON Nears Ethereum’s USDT Dominance as Supply Hits Record $71B

TRON’s USDT circulation has surged to a historic $71 billion, narrowing the gap with Ethereum’s $74.5 billion stablecoin supply. The layer-1 blockchain now boasts over 2.66 million long-term holder addresses, signaling robust retail confidence in its ecosystem.

Analysts suggest TRON could overtake Ethereum in USDT adoption, with CryptoQuant data revealing consistent supply growth. "This cements TRON’s position as a DeFi heavyweight," remarked Darkfost, noting its potential to surpass major competitors.