The X Account of Algorand Foundation CEO Hacked
The social media account of Staci Warden, the CEO of the Algorand Foundation, has been hacked. This marks the third major hack of crypto-related accounts this month. In a recent thread, Algorand announced the compromise and warned against interacting with the account. The company is currently working on recovering it.
The hacker posted several messages, including a link to a recording titled “puppets ruined Bitcoin” and false claims that Warden has been fired from Algorand and lost her affiliates.
A Series of Crypto Social Media Hacks
This incident is the latest in a series of social media hacks targeting crypto executives or regulators. On January 9th, an exploiter gained access to the U.S. Securities and Exchange Commission’s (SEC) account, falsely claiming that the agency had approved Bitcoin exchange-traded funds. On January 18th, a hacker took over VeChain’s account to promote a fake giveaway.
No Impact on ALGO Price
The news of the hack did not seem to affect the price of ALGO. At the time of writing, the digital asset is trading at $0.167, representing a 4.2% gain in the last 24 hours.
Hot Take: Crypto Social Media Accounts Remain Vulnerable
The recent string of social media hacks targeting crypto-related accounts highlights the vulnerability of these platforms. It is crucial for individuals and organizations in the crypto space to enhance their security measures and remain vigilant against potential hacking attempts. These incidents serve as a reminder that cybersecurity should be a top priority for anyone involved in cryptocurrencies.
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