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Cardano Responds to X Account Hack and Ensures Security Measures

The Cardano Foundation has regained control of its official X (formerly Twitter) account after an unauthorized actor compromised it. In a statement released on X, the foundation reassured its community that measures to prevent future incidents are being taken. Regular posting on the account has now resumed. Hack Details and False Claims Shared on Cardano’s […]

Cardano Responds to X Account Hack and Ensures Security Measures

The Cardano Foundation has regained control of its official X (formerly Twitter) account after an unauthorized actor compromised it.

In a statement released on X, the foundation reassured its community that measures to prevent future incidents are being taken. Regular posting on the account has now resumed.

Following the unauthorized access on our official X channel, the Cardano Foundation is pleased to confirm that we have now re-established control. Normal posting will now resume.

We greatly appreciate all of those who acted quickly to alert us of the issue. A special thanks goes… pic.twitter.com/4lMdtVaxK9

— Cardano Foundation (@Cardano_CF) December 13, 2024

Hack Details and False Claims Shared on Cardano’s Account

The account breach occurred on Dec. 8, with the attacker promoting fake content.

A fraudulent token, “ADASol,” was advertised, and false claims about the Cardano Foundation halting ADA support were made. Additionally, the hacker circulated a fake notice about an SEC lawsuit, causing concern among the community.

The unauthorized activity occurred between Dec. 8 at 1:00 p.m. CET and Dec. 12 at 5:00 p.m. CET. The posts made during this time did not represent the views or endorsements of the Cardano Foundation.

Community Response and Action Taken by the Cardano Team

The Cardano community acted swiftly to alert others about the compromised account.

Warnings were issued, confirming no SEC lawsuit, “ADASol” token or token burn. Community members were also reminded that the Cardano team would never ask for personal information through direct messages.

The foundation immediately worked to delete the scam posts. The fraudulent ADASol promotion and the fake lawsuit notice were removed as part of the recovery process.

Ongoing Investigation and Future Prevention Measures

The Cardano Foundation has launched a comprehensive investigation into the breach.

Efforts are being made to identify the attacker(s), determine how the breach occurred, and implement stronger security measures to prevent similar incidents. The foundation has confirmed that no other systems were affected during the attack.

Read Also: Dogecoin Liquidation Soars as Long Traders Face Big Losses

Cardano Community Support and Foundation’s Commitment

Gratitude was expressed to the Cardano community and its broader network for their quick actions during the incident.

The foundation acknowledged the support its members, contacts, and peers provided during this challenging time.

As normal activities on X resume, the Cardano Foundation remains dedicated to its mission. The organization continues to drive the adoption of Cardano and empower the ecosystem, ensuring a secure and reliable platform for its users.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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