Cardano Twitter hacked: Hackers falsely claim to be sued by SEC and release fake coin ADAsol for Rug Pull

Cardano's Twitter account was hacked on 12/8 and used to publish false token $ADAsol, while setting up scam links to attract a large number of users. $ADAsol also quickly experienced a big dump of 99% in a short period of time.

Fraudulent operations exposed, fake $ADAsol coin and false legal proceedings

After hackers breached Cardano's Twitter account, they first released false news claiming that Cardano was being sued by the U.S. Securities and Exchange Commission (SEC) and would soon stop the supply of its own Token $ADA, and promoted a fake Token called 'ADAsol'. ADAsol achieved a volume of about $500,000 within a few hours, and then the price quickly big dumped by 99%.

Hackers posted a fake ADA coin ADAsol post after hacking into the official Cardano account

Cardano founder Charles Hoskinson later confirmed on Twitter that the account was under attack and reminded users to stay vigilant. Currently, related fraudulent posts and false litigation news have been removed, and the foundation is actively repairing the account security vulnerability.

Charles Hoskinson reminds users

on-chain detective ZachXBT also warned users not to click on the malicious links provided by Cardano.

on-chain detective ZachXBT warns users

After the news came out, the price of ADA also fell by nearly 4%.

ADA prices similar hacking incidents frequently reported, need to be more vigilant

This incident is just one of many Twitter hacker attacks. Here are some other recent hacker intrusion incidents:

In September 2023, Vitalik's Twitter account was hacked, and a post claiming to apply for a commemorative Non-fungible Token from Cosensys was released, leading to many users clicking on phishing links, and hackers also used memes to mock Vitalik.

In December 2023, the Compound Finance account was hacked: hackers released phishing links and disguised themselves as official websites to deceive users' encryption assets.

In February 2024, Microstrategy's Twitter account was hacked: several phishing links were posted in the morning of 2/26 to launch coin (MSTR), with encryption detective ZachXBT pointing out that the hackers made about 440,000 dollars.

In October 2024, Symbiotic and Eigenlayer accounts were successively hacked: hackers used fake Airdrops and interactive tasks to induce users to click on phishing links to steal funds.

In November 2024, even the well-known American rapper Wiz Khalifa's Twitter account was not spared from being hacked. After the hack, the fake celebrity token $WIZ was promoted, claiming to be launched by Khalifa himself, but in fact had no connection with him.

(Trump family members' Twitter account was targeted by phishing attacks, using World Liberty Financial for fraud)

This article Cardano Twitter was hacked: Hackers falsely claimed to be sued by SEC, released fake coin ADAsol to Rug Pull first appeared on Chain News ABMedia.