Sheila Warren, head of Crypto Council for Innovation, fell victim to a social media hack on X (formerly Twitter), promoting the $SPELL token. The incident raised concerns about vulnerabilities in crypto-advocacy communities. The hacked post, now deleted, advertised an AI and crypto venture, signaling a scam. CCI promptly issued a warning, clarifying the fraudulent nature of the post. Warren's account was cleared of unauthorized $SPELL promotions by December 27. The hack coincided with Warren's resignation as CEO, succeeded by Ji Kim. Despite the management change, CCI expressed confidence in navigating regulatory challenges. The industry anticipates a shift in regulatory approach under incoming SEC Chair Paul Atkins. The incident underscores the importance of cybersecurity in the cryptocurrency realm amidst evolving regulations and the need for secure digital asset management. Read more AI-generated news on: https://app.chaingpt.org/news