Charles Hoskinson stated that the Solana community is taking advantage of the recent CF X account hacking incident.
Charles Hoskinson, CEO of blockchain development company Cardano IOG and founder of Cardano blockchain, is a popular crypto entrepreneur and is known for his contribution to Ethereum and Cardano blockchain.
On December 8, 2024, the AX (formerly Twitter) account belonging to the Cardano Foundation (CF) was hacked and the hacker announced a new token called $ADASOL, a Solana-based token.
That new token obtained a trading volume of more than $500 thousand in a very short period of time, according to the information available on DexScreener.
However, CF’s account Cardano project leaders decided to suspend all types of Operations related to the $Ada currency.
Later that same day, CF team recovered the hacked account and deleted all those fake tweets confirming that an unknown hacker hacked their account and posted false and misleading information about Cardano.
Cardano founder Charles Hoskinson commented on the Solana community’s gain amid the Cardano Foundation X account hack.
Addressing this hacking incident, Hoskinson offered Elon Musk technical help from the Cardano team to easily fight against these types of hacking incidents.
The Cardano founder said that his team will do it for free and will easily stop X account hacking incidents.
$Ada price action
The current trading price of Cardano native coin $Ada is $1.17 and this price level is 2.47% higher in the last 7 days of the period.
Also Read: Native and Global Political Rivalries Fuel a Crypto Boom: How the United States, South Korea and Russia Are Leading the Way
