The X account of Cardano Foundation suffered a hacker attack, publishing scam links that were later removed. The links promoted a fake ADAsol token and claimed that there would no longer be support for ADA due to a lawsuit filed by the US SEC. Here are the details:
Cardano Foundation and its X account hacked: links to scams have been removed
Cardano Foundation is added to a list of entities that have become victims of hacking on their X accounts.
In fact, yesterday, the hackers managed to publish links to scams that were later removed, even though they generated some bitter consequences.
In practice, it seems that the Cardano Foundation’s X account was hacked and promoted a fake “ADAsol” token. Not only that, it also declared to cease its support with the native ADA token in light of a lawsuit filed by the United States Securities and Exchange Commission (SEC).
Charles Hoskinson, founder of Cardano, has warned the crypto community about the breach of the Cardano Foundation account.
Looks like the CF account got hacked. Try harder hackers https://t.co/DhT9PpgfZt
— Charles Hoskinson (@IOHK_Charles) December 8, 2024
“It seems that CF’s account has been hacked. Try more with the hackers “
Unfortunately, before such links were removed, the crypto scam of ADAsol managed to generate a trading volume of about 500,000 dollars before quickly crashing by 99%.
Cardano Foundation and the scam generated by its compromised X account: the latest victim
As anticipated, Cardano Foundation is added to a list of hacked X accounts to promote scams and not.
Last September, for example, the X account of Near Protocol was compromised, even though the hacker had only posted a series of hate messages towards the crypto and Web3 sector.
Here, strangely, no malicious link has been published and no scam token contract address to steal funds from the community.
Last year, instead, the X account of Vitalik Buterin, co-founder of Ethereum, was hacked leading to the theft of a whopping $700,000 in crypto with NFTs. Here, instead, links to crypto scams were posted.
Regarding this situation, Hoskinson then published another post on X, inviting Elon Musk to review the security for the users of his social media:
Given that the CF account was hacked, it's a good opportunity to re-visit a change X could make that would dramatically improve security for all users https://t.co/oaThTPI5wi
I will implement it for free @elonmusk. Just light the beacon
— Charles Hoskinson (@IOHK_Charles) December 8, 2024
The price of ADA
At the time of writing, ADA is worth $1.15, and it is in a dump of -4% in the last 24 hours. This trend is somewhat general for all cryptos, which, in the last 24 hours, are experiencing small price declines.
This temporary price adjustment of ADA does not seem to contradict the crypto rally it is riding. In the last 30 days, the price of ADA has risen by 170%.
Recently, some analysts have expressed their opinions on the price predictions for ADA, stating that it could soon reach a new ATH at $3.