Algorand Founder’s Twitter Compromised – Beware of Deceptive Crypto Offers
The Twitter account associated with the founder of Algorand recently fell victim to a security breach.
A perpetrator seized control and disseminated a series of deceptive tweets. Among the false statements, the hacker declared an offer wherein 1 ETH would be distributed for every percentage decline in ALGO’s price for the week, all while expressing a nonchalant wish of good fortune.
It’s imperative to emphasize that these assertions lack any factual basis. Adding a touch of irony, another tweet propagated dubious claims about Algorand’s future, citing an imaginary conversation with “His Excellency” Justin Sun.
The fictitious dialogue revolved around plans to elevate Algorand’s status by introducing TUSD (TRUE USD) and VRUSD (VERY REAL USD), asserting complete control over the network and token minting rights as part of Algorand’s ongoing strategy.
A word of caution extends to the Algorand community and the broader cryptocurrency audience, urging them to steer clear of any links, promotions, or instructions originating from the compromised account. Interacting with such content may expose individuals to additional scams, financial losses, or compromise personal data.
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There was not any market response to these fraudulent tweets in terms of ALGO’s price. Users are strongly advised to rely exclusively on verified statements from official Algorand channels, exercising extreme caution when encountering offers that seem too good to be true.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
