June 13, 2024

Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue

The X social media account of the Algorand Foundation’s chief executive has been hacked, marking the third major exploit of crypto-related X accounts this month.

In a new thread, the firm behind smart contract platform Algorand (ALGO) has announced that the X account of Staci Warden, the company’s CEO, has been hacked and warns against interacting with it.

“[Staci Warden’s] account has been compromised. Please do not click on any links on her account or respond to DMs (direct messages). We are in the process of recovering it.”

Some of the hacker’s messages include a reposted link to a recording titled “puppets ruined Bitcoin” and one that falsely claims Warden has been fired from Algorand and lost her affiliates.

The hacking of Warden’s account marks the third time in January that bad actors went after the social media accounts of crypto executives or regulators.

On January 9th, an exploiter gained access to the X account of the U.S. Securities and Exchange Commission (SEC), falsely claiming at the time that the regulatory agency had approved spot market Bitcoin (BTC) exchange-traded funds.

Furthermore, on January 18th, a hacker took over the X account of supply chain-focused blockchain VeChain (VET) to promote a fake giveaway, asking traders to send between 100,000 and 5,000,000 VET to an “official contribution address.”

News of the hack didn’t appear to have an impact on the price of ALGO as the digital asset is trading for $0.167 at time of writing, a 4.2% gain during the last 24 hours.

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