According to last minute developments, Cardano (ADA) A message was shared through the Foundation’s official X account that the SEC had filed a lawsuit against them, so they had cut off all support for the ADA token.
When the content of the message is examined, it is thought that the official account in question may have been hacked.
At the time of writing this article, the post in question is still live on the official Cardano Foundation X account. However, although the ADA price reacted negatively to the development, the extent of the reaction was not extreme. Here is the post thought to be shared by hackers:
“Announcement from Cardano Foundation
The Cardano Foundation regrets to inform our community that we were served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on December 8, 2024.
In light of this unexpected legal action, we have made the difficult decision to immediately cease all support for the ADA token to ensure compliance with legal requirements.
We recognize the impact this may have on our valued community members and followers, and we assure you that we are committed to providing support during this transition.
In the coming days, we will share more details about next steps and how we plan to help all ADA holders.
“We thank you for your understanding and support during this time.”
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/son-dakika-bu-altcoinin-resmi-x-hesabindan-sec-tarafindan-kendilerine-dava-acildigi-paylasildi-hesabin-hacklendigi-dusunuluyor/
