The Cardano Foundation’s X account was hacked on December 8, with attackers promoting a fake token, “ADAsol,” and falsely claiming ADA support was ending due to an alleged SEC lawsuit.
Founder Charles Hoskinson confirmed the breach, during which the fraudulent token briefly amassed $500,000 in trading before its value collapsed by 99%.
It would be nice if you could inform the @solana community that the Cardano Foundation X account has been hacked since criminals are currently using Solana to profit from it https://t.co/z5909W6xU3
— Charles Hoskinson (@IOHK_Charles) December 8, 2024
The scam post and fake lawsuit announcement have since been removed.
The Foundation reassured users that other parts of the ecosystem were unaffected and is actively addressing the breach.
The Cardano Foundation X account @Cardano_CF has been compromised. Please ignore any posts from the account at this time while we address this.
— Cardano Community (@Cardano) December 8, 2024
Meanwhile, users are urged to remain cautious and avoid links from the compromised account until further updates.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
