The Twitter account of #GiggleAcademy , a project owned by Binance founder CZ (Changpeng Zhao) was hacked, leading to false claims about play-to-earn (#P2E ) rewards. The hackers promoted token issuance despite CZ's earlier statement that the project would not issue any tokens. This deceptive activity has raised concerns about the security risks of social media accounts linked to crypto projects and the potential for fraudulent promotions targeting users.

The #hack highlights the importance of verifying information through official channels, as the false P2E claims could have caused confusion and financial losses for users. Users have been warned to avoid interacting with the compromised posts or any unauthorized token-related activities.