Happycoin.club - The Cardano Foundation account on the banned social media platform X (formerly Twitter) was hacked early last Sunday morning. The messages that followed announced major changes, including a halt in trading and an ADA burn.
One message claimed that the US Securities and Exchange Commission (SEC) had filed a lawsuit against the Cardano Foundation.
Due to the unexpected lawsuit, we have made the difficult decision to immediately stop all support for the ADA token to ensure regulatory compliance.
The timing of the fake news was well chosen, as the community is expecting increased enforcement against crypto projects ahead of Gary Gensler's resignation.
To "calm" the worried community, the scammers introduced a new token, ADASOL, supposedly "an improved version of Cardano, with the speed and innovation of Solana."
Luckily, the Cardano Community team was able to regain access to their account fairly quickly:
The Cardano Foundation X account has been hacked. Please ignore any messages from it until we have resolved the issue.
