So Cardano's X account was hacked over the weekend and issued a fake report that the project had just had a lawsuit filed against them from the SEC. They also stated that because of this they would cease all support for $ADA. This was the hackers attempt to cause the price to dump!

However, in a ironic twist of fate, the token price didn't move at all (around 1%) and funnily enough has put Cardano under the spotlight again as the CEO stated "Try harder hackers". Now the community is joking about how this did more damage to the hacker than to Cardano. "This guy lost his house in this stunt hahaha"

Thankfully this was sorted quickly and just the hack of their social account and not an attack on the system itself. Haha just another day in crypto! Show Less