Rocket Lab CEO Peter Beck’s Account Hacked: False Crypto Announcement Made

Incident Overview: The social media account of Peter Beck, the CEO of Rocket Lab USA Inc. RKLB, was hacked recently. This breach resulted in a misleading post about a new cryptocurrency token aimed at financing space projects.

Details of the Breach: On Wednesday, a fraudulent announcement was posted on Beck’s X account, previously known as Twitter. The post touted a new Ethereum ETH/USD-based token designated for space ventures, as reported by Reuters.

By the time this article was being written, the false post had already been removed.

Related Development: A significant player in the small satellite launch industry currently valued at $6.5 billion, Rocket Lab is collaborating with X to restore Beck’s 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 via email to Reuters.

As of now, Rocket Lab has not replied to Benzinga’s request for further comments.

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Importance of the Situation: The hack occurred shortly after Rocket Lab celebrated the successful launch of its 54th Electron mission, which deployed a satellite into Low Earth Orbit for a private client on Tuesday.

Additionally, last month, a boost in Rocket Lab’s stock price was noted following announcements from the Joe Biden administration about easing export restrictions for U.S. commercial space companies.

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Disclaimer: This content was partially created with assistance from Benzinga Neuro, and was reviewed and published by Benzinga editors.