Algorand The Twitter account of @StaciW_DC, one of the founders of the network, was taken over by hackers. In a tweet sent by the hacker, a meaningless tweet was made, stating that a reward of 1 ETH would be given for every percentage decrease in the ALGO price.
After the first rather meaningless and ironic tweet, the founder expressed his doubts about the future of the Algorand network and claimed that the ALGO price would also strengthen when Tron’s founder Justin Sun launched TUSD and VRUSD. Ironically, he described TUSD as “real USD” and VRUSD as “very real USD”.
After noticing these tweets, the developer team and prominent members of the community warned against clicking on any links shared by the account. Since the links in question may contain some cyber attack tools, especially phishing, they may result in significant losses.
ALGO The price did not react negatively to the hacking of the founder’s Twitter account. In order to take precautions, the community should not take seriously any information that is not confirmed on official channels, even if it is a founding account. On the other hand, one should be skeptical of unrealistically attractive offers offered by hackers.
Although the Algorand team continues to work to get the account back, there is no progress on this issue yet. However, the network’s Discord and Telegram channels continue to be active.