Dec 2024 - Cardano Foundation Twitter/X Account Compromised - $Unknown (Global)
The Cardano Foundation is a Swiss-based non-profit organization focused on advancing the Cardano blockchain as a global public infrastructure. Its mission includes improving operational resilience, fostering education about blockchain, and driving adoption across various industries. The Foundation works on scaling on-chain activities and supports Cardano's development through strategic collaborations, technical enablement, and industry engagement. Led by CEO Frederik Gregaard, the team works to promote decentralization, sustainability, and the broad use of blockchain technologies. With a focus on education and the legal certainty of blockchain, the Foundation envisions Cardano as a core business infrastructure for the future.
"Announcement from the Cardano Foundation
The Cardano Foundation regrets to inform our community that we have been served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on December 8, 2024.
In light of this unexpected legal action, we have made the difficult decision to immediately cease all support towards the $ADA token to ensure compliance with regulatory requirements.
We understand the impact this may have on our valued community members and stakeholders, and we assure you that we are committed to providing support during this transition.
We will be sharing further details regarding the next steps and how we plan to assist all holders of $ADA in the coming days.
Thank you for your understanding and support during this time."
"$ADA trading will halt on all platforms as of December 9th, 2024. All $ADA tokens will consequently be burned. Community members will be able to submit a refund request to account for any investment lost during the burn."
"The @Cardano_CF account remains compromised. Beware: there’s no SEC lawsuit, no token burn, and no “ADASol” bridge. Also, CF team members will never DM you to ask for anything. Follow @Cardano for accurate updates. Big thanks to @support for their help."
"Following the unauthorized access on our official X channel, the Cardano Foundation is pleased to confirm that we have now re-established control. Normal posting will now resume.
We greatly appreciate all of those who acted quickly to alert us of the issue. A special thanks goes to the Cardano community and our broader network of contacts and peers for their invaluable support.
The unauthorized content posted from this account between 8 December at 13:00 CET and 12 December at 17:00 CET was entirely unfounded and does not reflect the views or endorsements of the Cardano Foundation. We can confirm that no other Cardano Foundation systems were affected during this incident. A comprehensive investigation is underway to identify the attacker(s), determine the root cause, and implement measures to prevent future occurrences."
"The Cardano Foundation can confirm that we have re-established control of the X account. Normal posting has now been resumed."
Further Analysis
The Cardano Foundation, a Swiss-based non-profit, is dedicated to advancing the Cardano blockchain as a global public infrastructure, focusing on operational resilience, education, and adoption across various industries. In December 2024, the Foundation faced a security breach of its official X account, where false information regarding a lawsuit from the U.S. SEC, a token burn, and other fraudulent claims were posted. The Cardano Foundation quickly regained control of the account, clarified the situation, and assured the community that no other systems were affected. It is unclear if any funds were lost as a result.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Clober DEX Unguarded Burn Function Reentrancy > > < < MAAT Protocol Share Conversion Rounding Error
Sources/Further Reading
@Cardano Twitter (Dec 31)
@harpieio Twitter (Dec 31)
Cardano Foundation - Web 3.0 and Blockchain Solutions (Dec 31)
About us | Cardano Foundation (Dec 31)
@Cardano_CF Twitter (Dec 31)
@Cardano_CF Twitter (Dec 31)
@Cardano_CF Twitter (Dec 31)
Wayback Machine (Dec 31)
@Vet_X0 Twitter (Dec 31)
@ADA_stake_pool Twitter (Dec 31)
@Josi_sndnc Twitter (Dec 31)
@MinswapIntern Twitter (Dec 31)
@thr_x_ Twitter (Dec 31)
@forbiddenADA Twitter (Dec 31)
@Altcoinbuzzio Twitter (Dec 31)
@DanielaHubBr Twitter (Dec 31)
@ENCOINS1 Twitter (Dec 31)
@CardanoRami Twitter (Dec 31)
@Morne_Stakepool Twitter (Dec 31)
@clarkalesna Twitter (Dec 31)
@EyeOfTheKing1 Twitter (Dec 31)
@CardanoHandles Twitter (Dec 31)
@SS_SalmonSeeker Twitter (Dec 31)
@ESCOweb3 Twitter (Dec 31)
@samsdivakar Twitter (Dec 31)
@CryptosR_Us Twitter (Dec 31)
@starcada1 Twitter (Dec 31)
@SmaugPool Twitter (Dec 31)
@SmaugPool Twitter (Dec 31)
@Cardano Twitter (Dec 31)
Common Cardano scams you should avoid | cardano.org | Cardano (Dec 31)
@MrStrange84 Twitter (Dec 31)
@BullishAlex Twitter (Dec 31)
@IOHK_Charles Twitter (Dec 31)
- YouTube (Dec 31)
@BatCaveNode Twitter (Dec 31)
@TapTools Twitter (Dec 31)
@ZeruKami Twitter (Dec 31)
@Ploppert1 Twitter (Dec 31)
@ItsCryptoMike Twitter (Dec 31)
@CardanoNation Twitter (Dec 31)
@CryptoEducStan Twitter (Dec 31)
@Trading_CSgroup Twitter (Dec 31)
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