Charles Hoskinson stated that the Solana community is taking advantage of the recent CF X account hack incident.
Charles Hoskinson, CEO of Cardano blockchain developer firm IOG & founder of Cardano blockchain, is a popular crypto entrepreneur & he is known for his contribution to Ethereum & Cardano blockchain.
On 8 Dec 2024, A X (formerly Twitter) account belonging to Cardano Foundation (CF) was hacked & the hacker announced a new token called $ADASOL, a Solana-based token.
That new token grabbed more than $500k trade volume in a very short time period, as per information available on DexScreener.
However, CF’s X account was hacked for an hour, but in that short time period, the hacker posted that the Cardano project faced a lawsuit action by the United States Securities and Exchange Commission (SEC) & Cardano project leaders decided to suspend every type of operation related to $Ada coin.
Later on the same day, the CF team recovered the hacked account & deleted all those fake tweets confirming that an unknown hacker hacked their account & posted false & misleading information about Cardano.
Cardano Founder Charles Hoskinson remarked on the Solana Community gaining amid Cardano Foundation’s X account hack.
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By addressing this hacking incident, Hoskinson offered Elon Musk some technical help from the Cardano team to easily fight against such hacking incidents.
Cardano founder said that his team will do it for free & stop X account hack incidents easily.
$Ada price action
The current trade price of Cardano’s native coin, $Ada, is $1.17 & this price level is 2.47% high over the last 7 days of the period.