Giggle Academy's account on X was recently hacked to offer cryptocurrency scam offers. The fact was confirmed by the founder of the platform, Changpeng Zhao (CZ), on his personal account on the same social network. The entrepreneur asked for caution regarding any publication and assured that they were working to recover the account.
One of the first to warn about the account breach was Binance exchange co-founder Yi He. She reposted a text from the hackers from the Giggle Academy account with a warning message. “ If this account claims to be issuing coins, or soliciting investment from you, it has most likely been compromised ,” He wrote.
It is worth noting that Giggle is a philanthropic initiative by popular CZ to promote education among children in poor countries. The platform offers completely free education and highlights the values of quality education to improve the opportunities of children in different regions of the world. Although it combines education with games, it is a non-tokenized platform.
Since announcing this idea, CZ himself has denied any connection to the world of trading or cryptocurrencies. Hence, the publication of the Giggle Academy account about investments in digital currencies aroused He's suspicions.
Woke up to "Giggle Academy X account hacked". 😱
Working on restoring it. Always use common sense when reading content from anywhere.
Giggle Academy account still under hackers' control
At the time of writing, the account on the platform is still in the hands of the scammers. In the last few posts, they posted some mocking messages and memes. This suggests that the quick warnings from He and others were effective and no one fell into the scammers' trap. The CZ team asks users not to interact with the account until they have recovered it.
As mentioned, Giggle's mission is purely philanthropic and education-based. As a result, it does not contemplate any kind of relationship with investments, tokens and cryptocurrencies. The platform is a venture by CZ to keep himself busy after his forced separation from Binance for several federal crimes in the United States.
As is widely known, Zhao spent 4 months in prison after admitting his responsibility in several crimes. The lightness of his sentence was due to his cooperation with the authorities and a multi-million dollar settlement. One of the elements that softened the sentence was the entrepreneur's philanthropic inclination.
Shortly before entering prison, CZ made the official announcement of this new platform, which would be expanded over the years. It is important to note that Giggle Academy is not devoid of crypto elements; however, these have nothing to do with commerce. Specifically, the platform integrates technologies such as blockchain and artificial intelligence.
