Cardano Foundation’s X account was hacked on December 8, with scammers promoting a fake token called “ADAsol.” The foundation is reportedly cutting support for ADA due to the SEC lawsuit. Cardano founder Charles Hoskinson confirmed the breach. The fake token lost 99% of its value after generating $500,000 in trading volume. The foundation said it is working to secure its account. Users should avoid clicking on links until the account is fully secure.