The Cardano Foundation’s account on X was recently exploited and used to promote a fake token known as ‘ADAsol,'
Additionally, the hackers also maliciously claimed that the Foundation would cease support for Cardano’s native ADA currency, after it was alleged that they were being sued by the SEC.
Cardano's founder, Charles Hoskinson, confirmed the attack After the ADAsol token had risen to a peak market cap of $800K and generated over $513K in trading volume before crashing by over 99.9