On December 8, the Cardano Foundation’s X account suffered a significant hack, leading to a 4.5% drop in ADA’s price. The incident triggered a wave of fraudulent activities as hackers disseminated false information and pushed a scam Solana-based token while exploiting the trust associated with legitimate resources. This breach highlights the vulnerabilities inherent in cryptocurrency transactions and social media accounts. The Cardano community is urged to be vigilant and skeptical of any suspicious communications. As the situation unfolds, the impact on ADA’s market performance remains a critical point of observation for investors and traders in the crypto landscape. The post Cardano’s ADA Drops 4.5% Following Breach of Cardano Foundation’s Account appeared first on entreprenerdly.com.