Cardano Foundation X account breach leads to false token, U.S. SEC announcements

The Cardano Foundation's X account was compromised on Dec. 8 by an unidentified party, according to The Block. This breach led to the fake announcement of a new Solana-based token called ADASOL, falsely described as "Cardano, reimagined for Solana’s speed and innovation." Within an hour, the compromised account issued another misleading statement, falsely claiming that the foundation was served with a U.S. Securities and Exchange Commission (SEC) lawsuit and would promptly cease all support for the ADA token to comply with regulatory requirements. These posts were subsequently removed.