CandleFocus Cardano Foundation Regains Complete Control After X Account Breach
2024-12-13
Author: Content Editor
The Cardano Foundation has regained control of their X (formerly known as Twitter) account after it was accessed without authorization. During the breach, false claims about an SEC lawsuit against the organization were posted. The hackers also promoted a fake token named ADAsol, which gained a market cap of over $500,000 within an hour. The Foundation quickly addressed the breach and confirmed that no other Cardano systems were affected. They are conducting an investigation and strengthening security measures. The incident had no impact on Cardano's native cryptocurrency, ADA, with no significant price drop or volatility.
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