Animoca Brands, a major player in the blockchain gaming industry, recently had their co-founder’s social media account hacked and used to promote a fake Solana (SOL) token. The company, known for popular metaverse game The Sandbox (SAND), took to social media to address the issue. They confirmed that Yat Siu’s account was compromised and urged followers not to engage with any posts related to the fake token launch on Solana.
In response to the hack, Animoca Brands’ NFT collection Mocaverse (MOCA) reassured users that the ecosystem is safe and that additional security measures have been implemented. They confirmed that X has regained control of Yat Siu’s account and that steps are being taken to verify ownership. The company emphasized that there were no compromises on their official channels and that strict security protocols are in place.
Despite the security breach, SAND and MOCA continue to trade at $0.561 and $0.327, respectively. Blockchain investigator ZackXBT believes that Siu may have fallen victim to a phishing email scam, similar to other executives in the industry. The scam token deployed through Siu’s account was linked to previous ATOs involving Kick and Vanar CEOs.
To stay up to date on developments in the blockchain gaming space and protect against potential scams, consider subscribing to email alerts from reputable sources. You can also follow Animoca Brands on X, Facebook, and Telegram for official updates. It is essential to remain vigilant and verify the authenticity of any token launches or endorsements to avoid falling prey to fraudulent activities.
In conclusion, the recent hack of Animoca Brands’ co-founder’s social media account serves as a reminder of the importance of cybersecurity in the blockchain industry. By taking proactive measures to enhance security and educate users about potential scams, companies can safeguard their platforms and prevent unauthorized access. As the metaverse continues to evolve, maintaining a strong defense against cyber threats will be crucial to protecting user assets and maintaining trust within the community. Stay informed, stay cautious, and stay connected with reliable sources for the latest updates in blockchain gaming.
