The Cardano Foundation’s official Twitter account

The Cardano Foundation’s official Twitter account has been hacked, with attackers posting about a fake SEC lawsuit against Cardano (ADA) while promoting a fraudulent token. The hackers initially claimed that Cardano had ceased support for all $ADA tokens due to an alleged lawsuit by the SEC, falsely stating that all ADA tokens would “consequently be burned.” Following this post, the hackers also promoted a fake token named ADAsol. Cardano CEO Charles Hoskinson addressed the situation on Twitter, writing: “Looks like the [Cardano Foundation] account got hacked.” He sarcastically added, “Try harder, hackers.” The fraudulent lawsuit message caused temporary panic among ADA holders, with many users selling their ADA tokens. Users are advised to exercise caution and avoid clicking on any links shared by the compromised account. Source

The post Cardano Foundation’s X Account Hacked: Hackers Promote Fake SEC Lawsuit, Fraudulent Token [December 2024] first appeared on CoinBuzzFeed.