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Primary Security Measure by Cardano Foundation by June 30, 2025?
2
Resolution / Starting Odds
Two-factor authentication • 25%
Biometric verification • 25%
IP address whitelisting • 25%
Other • 25%
Official announcements from the Cardano Foundation or major tech news outlets
Story
Cardano Foundation's X Account Hacked, Spreads False SEC Lawsuit and Token Burn News
Dec 8, 2024, 03:21 PM
The official X account of the Cardano Foundation was compromised, leading to the spread of misinformation regarding a lawsuit from the U.S. Securities and Exchange Commission (SEC) and the cessation of support for the $ADA token. The Cardano Foundation has confirmed that the account was hacked, and no such lawsuit or token burn has occurred. Users are warned not to interact with any links posted by the compromised account. The incident caused a brief dip in ADA prices, but the market quickly stabilized once the hack was confirmed. The hack is believed to be an attempt to manipulate the market, possibly for shorting gains, although the impact was minimal compared to regular market movements. Hackers also promoted a fake token to further mislead the community.
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Twitter • 25%
Facebook • 25%
LinkedIn • 25%
Other • 25%
Hackers identified and prosecuted • 25%
Hackers identified but not prosecuted • 25%
Hackers not identified • 25%
Investigation inconclusive • 25%
Increased security personnel • 25%
Enhanced gate locking systems • 25%
Improved surveillance technology • 25%
No significant changes • 25%
Enhanced data encryption • 25%
Stricter access controls • 25%
Regular security audits • 25%
Other • 25%
Multi-signature wallets • 25%
Hardware security modules • 25%
Enhanced monitoring • 25%
Other • 25%
Multi-signature wallets • 25%
Enhanced node security • 25%
New consensus algorithm • 25%
Other measures • 25%
Two-factor authentication (2FA) • 25%
Multi-signature transactions • 25%
Bug bounty program • 25%
Other security measures • 25%
Multi-signature wallets • 25%
Enhanced smart contract audits • 25%
Bug bounty programs • 25%
Other security measures • 25%
Yes • 50%
No • 50%