The X account of the Cardano Foundation was compromised on Sunday by an unknown party, leading to the false announcement of a Cardano-branded token on Solana and, later, the false disclosure of an SEC lawsuit against the company.
The compromised X account was first used to post a thread purportedly announcing a token called $ADASOL, a Solana-based token that was purportedly "Cardano, reimagined for Solana’s speed and innovation."
Unlike some scam attempts, the thread was written in a relatively sophisticated way, with thirteen posts explaining the purpose of the token and linking to genuine resources, such as the Cardano Foundation's website and a recent podcast episode that purportedly discussed the token.
The fake token saw over $500,000 worth of trading volume, according to DexScreener, before traders appeared to realize that the token was the result of a scam.
The post was removed within an hour after posting, at which point the account posted another false notice: this time, supposedly warning Cardano's community that the Foundation was served with an SEC lawsuit on Sunday. "In light of this unexpected legal action, we have made the difficult decision to immediately cease all support towards the $ADA token to ensure compliance with regulatory requirements," the false notice reads.
The post, which has replies disabled, has over 256,000 views on X at time of publishing, though many quote-tweets warn that the account has been compromised.
When one Cardano fan asked whether the notice was real, a team lead at the Cardano Foundation replied, "Confirmed, we’re on it." The Cardano Community X account also later clarified, "The Cardano Foundation X account @Cardano_CF has been compromised. Please ignore any posts from the account at this time while we address this."
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
