{"id":571844,"date":"2024-01-26T15:10:48","date_gmt":"2024-01-26T15:10:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=571844"},"modified":"2024-01-26T15:12:27","modified_gmt":"2024-01-26T15:12:27","slug":"algorand-ceos-x-account-hacked-is-justin-sun-involved","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/algorand-algo\/algorand-ceos-x-account-hacked-is-justin-sun-involved\/","title":{"rendered":"Algorand CEO\u2019s X Account Hacked, Is Justin Sun Involved?"},"content":{"rendered":"

On Thursday night, Algorand CEO Staci Warden\u2019s X Account (formerly known as Twitter) was compromised. Since then, the crypto community and the hacker have been having a back-and-forth conversation.<\/p>\n

Related Reading: ALGO Blows Up To 42-Week High, Delighting Algorand Fans<\/a><\/div>\n

Justin Sun Will Boost Algorand To “New Heights”<\/h2>\n

Algorand Foundation\u2019s X account was the first to inform<\/a> about the hack and advised users to be careful when interacting with the compromised account or any link promoted by it. The hacker then took Staci Warden\u2019s compromised account to start a series of controversial posts and replies.<\/p>\n

The hacker called<\/a> Algorand’s community “poor” in the initial post, later suggesting it would be better for the community if they “sold ALGO and instead bought Ether.” Both posts have amassed a combined total of 150,000 views and, as it’s worth noting, contain racial slurs.<\/p>\n

Additionally, the hacker offered a fake airdrop giveaway<\/a>, claiming they would send \u201c1 $ETH for every % $ALGO drops this week.\u201d While following some users\u2019 petitions, the hacker shared music and changed the account\u2019s bio, claiming that Warden had exited Algorand Foundation and had become a \u201csemi-professional pole dancer.\u201d<\/p>\n

\"\"<\/p>\n

Staci Warden's X Account biography was changed by the hacker. Source: X<\/pre>\n
Most notably, a fake story was shared in the account narrating a call with Tron founder Justin Sun, referred to as \u201chis excellency\u201d by the hacker. In the fake story, Sun promised to take Algorand to \u201cnew heights\u201d under the condition that Algorand\u2019s CEO gave total control over the network and allowed Sun to mint any token to back TRUE USD (TUSD).<\/p>\n
A sarcastic comment insinuating that Sun\u2019s projects will be the reason behind \u201cthe next major financial collapse in crypto\u201d closed the story.<\/p>\n
https:\/\/twitter.com\/StaciW_DC\/status\/90321742<\/a><\/p>\n
Algorand CEO Criticized By The Community<\/h2>\n
The original announcement about the hack and the different posts shared on the compromised account ignited comments from the crypto community. Most users took the incident with humor, while others have taken the opportunity to express their discontent with the CEO.<\/p>\n
One user claimed that Algorand CEO \u201cqualifies to be an intern\u201d at the Securities and Exchange Commission (SEC), clearly referencing the recent hack<\/a> to the SEC\u2019s X account suffered and resulted in a false report about the approval of spot Bitcoin ETFs.<\/p>\n
Similarly, known crypto sleuth ZachXBT shared his thoughts<\/a> about the hack, \u201cUnpopular opinion: Staci hacker would make a better CEO for Algorand Foundation.\u201d To which the hacker jokingly replied, \u201cHey bro, I just send you $10,000. Keep up the good work for this industry, buy your mom some flowers, and take your father out for a nice dinner,\u201d referencing a previous X post informing the crypto detective of a donation made about a week ago.<\/p>\n
No further posts have been shared in the last hours, but the account appears to still be under the hacker’s control, as none of the posts have been taken down, and there\u2019s no official statement about the account\u2019s recovery.<\/p>\n
As reported by NewsBTC<\/a>, ALGO outperformed the general crypto market growth in Q4 2023, experiencing an increase in market capitalization, transaction volume, revenue, and user adoption. ALGO\u2019s prince trades at $0.1652, a 3.18% surge in the last 24 hours.<\/p>\n
Related Reading: Exploit On Polygon Contracts Extract $15M, Here Are The Details<\/a><\/div>\n
\"ALGO,<\/p>\n
ALGO is trading at $0.1652 in the hourly chart. Source: ALGOUSDT on TradingView.com<\/a><\/pre>\n
Featured image from Unsplash.com. Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On Thursday night, Algorand CEO Staci Warden\u2019s X Account (formerly known as Twitter) was compromised. Since then, the crypto community and the hacker have been having a back-and-forth conversation. Related Reading: ALGO Blows Up To 42-Week High, Delighting Algorand Fans Justin Sun Will Boost Algorand To “New Heights” Algorand Foundation\u2019s X account was the first to inform about the hack and advised users to be careful when interacting with the compromised account or any link promoted by it. The hacker then took Staci Warden\u2019s compromised account to start a series of controversial posts and replies. The hacker called Algorand’s community “poor” in the initial post, later suggesting it would be better for the community if they “sold ALGO and instead bought Ether.” Both posts have amassed a combined total of 150,000 views and, as it’s worth noting, contain racial slurs. Additionally, the hacker offered a fake airdrop giveaway, claiming they would send \u201c1 $ETH for every % $ALGO drops this week.\u201d While following some users\u2019 petitions, the hacker shared music and changed the account\u2019s bio, claiming that Warden had exited Algorand Foundation and had become a \u201csemi-professional pole dancer.\u201d Staci Warden’s X Account biography was changed by the hacker. Source: X Most notably, a fake story was shared in the account narrating a call with Tron founder Justin Sun, referred to as \u201chis excellency\u201d by the hacker. In the fake story, Sun promised to take Algorand to \u201cnew heights\u201d under the condition that Algorand\u2019s CEO gave total control over the network and allowed Sun to mint any token to back TRUE USD (TUSD). A sarcastic comment insinuating that Sun\u2019s projects will be the reason behind \u201cthe next major financial collapse in crypto\u201d closed the story. Algorand CEO Criticized By The Community The original announcement about the hack and the different posts shared on the compromised account ignited comments from the crypto community. Most users took the incident with humor, while others have taken the opportunity to express their discontent with the CEO. One user claimed that Algorand CEO \u201cqualifies to be an intern\u201d at the Securities and Exchange Commission (SEC), clearly referencing the recent hack to the SEC\u2019s X account suffered and resulted in a false report about the approval of spot Bitcoin ETFs. Similarly, known crypto sleuth ZachXBT shared his thoughts about the hack, \u201cUnpopular opinion: Staci hacker would make a better CEO for Algorand Foundation.\u201d To which the hacker jokingly replied, \u201cHey bro, I just send you $10,000. Keep up the good work for this industry, buy your mom some flowers, and take your father out for a nice dinner,\u201d referencing a previous X post informing the crypto detective of a donation made about a week ago. No further posts have been shared in the last hours, but the account appears to still be under the hacker’s control, as none of the posts have been taken down, and there\u2019s no official statement about the account\u2019s recovery. As reported by NewsBTC, ALGO outperformed the general crypto market growth in Q4 2023, experiencing an increase in market capitalization, transaction volume, revenue, and user adoption. ALGO\u2019s prince trades at $0.1652, a 3.18% surge in the last 24 hours. Related Reading: Exploit On Polygon Contracts Extract $15M, Here Are The Details ALGO is trading at $0.1652 in the hourly chart. Source: ALGOUSDT on TradingView.com Featured image from Unsplash.com. Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":571893,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85658],"tags":[71760,71759,86939,91378,91377,85413,2279],"class_list":["post-571844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algorand-algo","tag-algo","tag-algorand","tag-algorand-algo","tag-algorand-ceo","tag-algorand-foundation","tag-algousdt","tag-hacked-accounts"],"acf":[],"yoast_head":"\nAlgorand CEO\u2019s X Account Hacked, Is Justin Sun Involved?<\/title>\n<meta name=\"description\" content=\"Algorand Foundation confirmed its CEO's X account has been compromised, the hacker's comments have sparked discussions inside the community.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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