Cardano Foundation X account under attack, hackers spread misinformation about SEC lawsuit.
Key receivers
The Cardano Foundation tweeted that it had been sued by the SEC, which was soon identified as false by the hackers. Hackers also posted about fake Cardano token on Solana.
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The official X social media account of the Cardano Foundation has been attacked, with hackers posting false information about the alleged SEC lawsuit against the organization and promoting a fraudulent token.
Hackers first claimed that Cardano was releasing a new token on the Solana blockchain, which soon turned out to be a sign of a scam. At the time of reporting, the post promoting this token was deleted.
Following this, the hacked account shared an unconfirmed statement that the US SEC had filed a lawsuit against the firm. As a result of this legal action, they have decided to end all support for the ADA token to ensure compliance with regulatory requirements.
Users are advised to exercise caution and not click on any links posted by compromised accounts.
These false claims caused uncertainty in the Cardano community, which affected ADA's market performance. According to CoinGecko data, the price of the token fell 4% to $1.18 amid the crisis.
The account breach occurred against the backdrop of ongoing scams targeting Cardno users, including fake ADA rewards programs that caused losses to token holders.
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