Cardano Foundation Account Was Hacked; Cardano Founder Comments, Sparks Solana (SOL) Community Buzz

Charles Hoskinson stated that the Solana community is taking advantage of the recent CF X account hack incident.

Charles Hoskinson, CEO of Cardano blockchain developer firm IOG & founder of Cardano blockchain, is a popular crypto entrepreneur & he is known for his contribution to Ethereum & Cardano blockchain.

On 8 Dec 2024, A X (formerly Twitter) account belonging to Cardano Foundation (CF) was hacked & the hacker announced a new token called $ADASOL, a Solana-based token.
That new token grabbed more than $500k trade volume in a very short time period, as per information available on DexScreener.

However, CF’s X account was hacked for an hour, but in that short time period, the hacker posted that the Cardano project faced a lawsuit action by the United States Securities and Exchange Commission (SEC) & Cardano project leaders decided to suspend every type of operation related to $Ada coin.

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Later on the same day, the CF team recovered the hacked account & deleted all those fake tweets confirming that an unknown hacker hacked their account & posted false & misleading information about Cardano.

The Cardano Foundation X account @Cardano_CF has been compromised. Please ignore any posts from the account at this time while we address this.

— Cardano Community (@Cardano) December 8, 2024

Cardano Founder Charles Hoskinson remarked on the Solana Community gaining amid Cardano Foundation’s X account hack.

It would be nice if you could inform the @solana community that the Cardano Foundation X account has been hacked since criminals are currently using Solana to profit from it https://t.co/z5909W6xU3

— Charles Hoskinson (@IOHK_Charles) December 8, 2024

By addressing this hacking incident, Hoskinson offered Elon Musk some technical help from the Cardano team to easily fight against such hacking incidents.
Cardano founder said that his team will do it for free & stop X account hack incidents easily.

Given that the CF account was hacked, it's a good opportunity to re-visit a change X could make that would dramatically improve security for all users https://t.co/oaThTPI5wi

I will implement it for free @elonmusk. Just light the beacon

— Charles Hoskinson (@IOHK_Charles) December 8, 2024

$Ada price action

The current trade price of Cardano’s native coin, $Ada, is $1.17 & this price level is 2.47% high over the last 7 days of the period.

Current trade price of $Ada coin is $1.178 pic.twitter.com/AqwYkbjyIL

— Bitcoinik (@Bitcoinikdotcom) December 9, 2024

Read also: Native & Global Political Rivalries Fuel a Crypto Boom: How America, South Korea, & Russia Are Leading the Way

Cardano Foundation Account Was Hacked; Cardano Founder Comments, Sparks Solana (SOL) Community Buzz

 

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