Rocket Labs CEO Peter Beck's X Account Hijacked By Crypto Scammers

The social media account of Peter Beck, CEO of Rocket Lab USA Inc. (NASDAQ:RKLB), was hacked, leading to a fraudulent post about a new crypto-based token.

What Happened: On Wednesday, the unauthorized post from Beck’s X, formerly Twitter account, promoted a new Ethereum (CRYPTO: ETH)-based token to fund space-related projects, reported Reuters.

At the time of writing, the above post from Back’s account was removed.

See Also: Apple Begins Shifting iPhone 17 Production In India, Cook’s China Optimism, And More: This Week In Appleverse

A major player in the small satellite launch market valued at $6.5 billion, Rocket Lab was working with the platform to regain control of the account. 

“Peter’s account has been compromised, so this is not an official tweet. We are working with X to restore it,” a company spokesperson confirmed in an email to Reuters.

Rocket Lab did not immediately respond to Benzinga’s request for comments.

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Why It Matters: On Tuesday, Rocket Lab announced the successful launch of its 54th Electron mission, deploying a single satellite to Low Earth Orbit for a confidential commercial customer.

Last month, Rocket Lab’s shares saw a boost following the Joe Biden administration’s plans to ease export restrictions on U.S. commercial space companies.

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Photo via Shutterstock

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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