Charles Hoskinson, the founder of IOG \u2013 the organization between the Cardano ecosystem, has informed that the Cardano Foundation\u2019s X account has been compromised by bad actors.<\/p>\n
They posted a tween about an SEC lawsuit, claiming that the Foundation will cease its support for ADA.<\/p>\n
The false statement begins by explaining that the US Securities and Exchange Commission has continued with its war against crypto under the current regime by filing a lawsuit against the Cardano Foundation.<\/p>\n
Consequently, the team had made \u201cthe difficult decision to immediately cease all support towards the ADA token to ensure compliance with regulatory requirements.\u201d<\/p>\n
Such statements typically impact assets in the ever-volatile cryptocurrency market, but the swift reaction of X\u2019s team and Charles Hoskinson seem to have protected ADA\u2019s price. Cardano\u2019s native token remains relatively still at almost $1.2 after a minor decline on a 24-hour scale.<\/p>\n
Hoskinson was quick to point out to his one million followers on X that the Foundation\u2019s account had been hacked. There\u2019s also a statement under the false post on X outlining the compromised account.<\/p>\n
Looks like the CF account got hacked. Try harder hackers https:\/\/t.co\/DhT9PpgfZt<\/a><\/p>\n \u2014 Charles Hoskinson (@IOHK_Charles) December 8, 2024<\/a><\/p>\n\n ADA has been among the top performers in the past month or so, skyrocketing by 170% within that timeframe and jumping to a multi-year peak of $1.3 before correcting slightly to its current level.<\/p>\n The post ADA Price Unfazed Despite Hacked Cardano Foundation X Account Indicating SEC Lawsuit<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Charles Hoskinson, the founder of IOG \u2013 the organization between the Cardano ecosystem, has informed that the Cardano Foundation\u2019s X account has been compromised by bad actors. They posted a tween about an SEC lawsuit, claiming that the Foundation will cease its support for ADA. The false statement begins by explaining that the US Securities […]<\/p>\n","protected":false},"author":0,"featured_media":26698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26697"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26697"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26698"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}