On December 8, the Cardano Foundation's X account was hacked, leading to the promotion of a fraudulent release of the ADAsol token and spreading false claims of the Foundation discontinuing support for its native token, ADA, due to a lawsuit by the SEC. The Foundation regained control of the account after $500,000 in trading volume. Cardano founder Charles Hoskinson criticized the attackers. The hack resulted in a 4.63% price drop for ADA, decreased market capitalization, and increased trading volume. The incident highlighted vulnerabilities and underscored the importance of safeguarding blockchain projects.



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