Cardano Alert: X Account Compromised by Hackers Announces SEC Lawsuit and Fake Token

• Cardano X account hacked
• SEC False Prosecution Charge
• Beware of fraudulent token scams

The cryptocurrency community is facing a new challenge, this time with the Cardano Foundation in the spotlight. The organization’s official account on the X platform was hacked, triggering a series of misleading posts that confused and alarmed investors.

Initially, the attackers claimed that Cardano was launching a token on the Solana blockchain. This information, quickly debunked as fraudulent, was just the beginning of what appeared to be a well-orchestrated disinformation campaign. The specific post about the fake token launch has since been deleted, but the damage was ongoing.

In an even more alarming development, the hacked account released an alleged statement that the United States Securities and Exchange Commission (SEC) had initiated legal proceedings against the Cardano Foundation.

The impact of this series of events was not limited to online confusion. The sudden credibility generated a climate of uncertainty, affecting the market value of the ADA token, which registered a 2% drop to $1,19.

This incident comes as part of a broader context of scams targeting Cardano users, including fake ADA rewards programs, which have already caused significant losses. The community is advised to exercise extreme caution and avoid clicking on suspicious links or following unverified instructions from the compromised account.