Cardano Foundation’s X Account Hacked, Fraudulent Token and SEC Lawsuit Posts Appear
On Sunday, an unidentified party gained unauthorized access to the Cardano Foundation’s official X account, using it to falsely promote a Solana-based “Cardano” token and later post a fake notice of an SEC lawsuit against the organization
The breach first came to light when the compromised account released a detailed thread introducing a supposed token called $ADASOL. This new asset was claimed to be “Cardano, reimagined for Solana’s speed and innovation.” Unlike many quick-hit scams, these posts were carefully crafted, referencing legitimate Cardano Foundation materials, including its official website and a recent podcast episode that allegedly discussed the token’s merits.
The deceit proved briefly effective. According to data from DexScreener, the bogus token attracted more than $500,000 in trading volume before investors began suspecting foul play. Within about an hour, the fraudulent posts were removed. Yet, the account’s misuse continued: its next update warned, without basis, that the Cardano Foundation had been served with an SEC lawsuit and would halt all support for its native asset, ADA, to comply with purported regulatory demands.
At the time of reporting, the misleading lawsuit announcement—published without a reply function—accumulated over 256,000 views on X. In response, many users took to quote-tweets and other channels to alert the community that the account was compromised.
When a concerned Cardano supporter inquired about the legitimacy of these claims, a team lead at the Cardano Foundation confirmed that the posts were not authentic. The Cardano Community’s own X account soon added clarification: “The Cardano Foundation X account @Cardano_CF has been compromised. Please ignore any posts from the account at this time while we address this.”
In an official statement, the Cardano Foundation assured the public that its team is “actively working to restore security” and pledged to announce the account’s recovery through its LinkedIn page. The Foundation also emphasized that this breach of its X account does not indicate vulnerabilities in any other platforms or systems under its control.