Gushiken Yona
The official Cardano X/Twitter account has been compromised, with a fake tweet claiming a SEC lawsuit against Cardano and stating the cessation of $ADA token support. The tweet, which was flagged as fraudulent, falsely claimed that the Cardano Foundation would cease support for $ADA in response to the alleged legal action.
False Cardano Announcement Sparks Immediate Confusion
The fraudulent tweet read:
“Announcement from the Cardano Foundation: The Cardano Foundation regrets to inform our community that we have been served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on December 8, 2024. In light of this unexpected legal action, we have made the difficult decision to immediately cease all support towards the $ADA token to ensure compliance with regulatory requirements.”
The tweet also falsely assured the community that the Cardano Foundation would provide further updates and support during the supposed transition. However, the false Cardano SEC lawsuit tweet was quickly debunked by the community.
The compromised account also posted additional false information, claiming: “$ADA trading will halt on all platforms as of December 9th, 2024. All $ADA tokens will consequently be burned. Community members will be able to submit a refund request to account for any investment lost during the burn.” This false claim was swiftly identified as misleading.
ZachXBT Flags Cardano X Incident and Warns the Community
ZachXBT, a renowned on-chain sleuth, was quick to flag the incident and shared the news with his Telegram followers. In his warning, ZachXBT advised the community that “A threat actor compromised the Cardano X/Twitter account. He advised not to click on any links posted by the compromised account.
Cardano Foundation Has Not Responded Yet
As of now, the foundation has not officially responded to the breach or made a statement regarding the false SEC lawsuit claims. The compromised account continues to spread misinformation, but official updates from the foundation are expected to come through verified channels.
The incident underscores growing concerns about security in the cryptocurrency space, with high-profile accounts increasingly falling victim to hacks and scams. Experts are advising the crypto community to remain vigilant and avoid interacting with compromised accounts.
Stay Alert: Avoid Suspicious Links and Messages
Holders are urged to avoid interacting with any suspicious links or messages from the compromised X account of the token. Community members should rely only on official updates from verified ADA channels to stay informed.
This is a developing story, and we will continue to provide updates as new information becomes available
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
