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Algorand Foundation CEO’s X account hacked

algorand-foundation-ceos-x-account-hacked
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Algorand Foundation CEO’s X account hacked

The Algorand Foundation, a blockchain platform with fast and cheap transactions, reported that its head’s X account was hacked.

According to a Jan. 26 post, its CEO, Staci Warden’s Twitter account has been hacked. Project representatives warned users not to click on links or respond to private messages with a hacked account to avoid possible theft of assets.

In a comment to the post, the famous blockchain detective ZachXBT suggested that the Staci account hacker would make a better CEO for the Algorand Foundation.

The profile description has been updated on the Algorand Foundation CEO page. The account hacker wrote on behalf of the CEO of the Algorand Foundation that he had left the company, drained six figures from his customers, and gaslit them into thinking it was a hack.

Algorand Foundation CEO’s X account hacked - 1
Source: @StaciW_DC

The hacker also published a post in which he promised to give away one Ethereum (ETH) for every percentage that the price of the ALGO token loses during this week.

Meanwhile, ALGO‘s price did not react with a significant drop following news of the hack. Over the past 24 hours, the token has fallen by 1.14% to $0.1606 at the time of writing. However, trading volumes dropped more significantly – by 7%- to $29.9 million.

Algorand Foundation CEO’s X account hacked - 2
Source: CoinMarketCap

In early January, unknown persons hacked the Twitter account of CertiK, a company specializing in security audits of smart contracts. A phishing link to a browser extension for protection against crypto scammers Revoke.cash appeared on the company’s page. However, the platform team quickly responded to the statement. The developers wrote about a possible hacking of the CertiK account.