Animoca Brands dispels claims of introducing a #Solana -based token as speculations mount following a recent hack.
Amid the recent market euphoria and the holiday cheer, bad actors are looking to take advantage to rob unsuspecting crypto users of their hard-earned assets. In the latest instance, these bad actors have targeted followers of the well-known crypto venture capital firm Animoca Brands.
No Solana Token
Notably, Animoca Brands has warned followers that it is not launching any official token or NFT. The firm stressed this in a Thursday, December 26 X post disavowing a now-deleted pinned post from its chairman, Yat Siu.
The deleted post claimed that Animoca Brands was collaborating with Pump.fun to launch a token with the ticker MOCA on Solana, sharing a link for users to buy.
However, according to Animoca Brands, this post came from a hacker who had managed to compromise Yat Siu’s X account. The firm noted that it would release an update after recovering the account.
The exploit comes amid recent excitement around Moca Network, which also uses the MOCA ticker. Moca Network is a decentralized interoperable ecosystem built on Layer Zero and backed by Animoca Brands. Over the past seven days, MOCA, the native token of this ecosystem, has surged 142%.
