On January 26, the Algorand Foundation team made a statement about unauthorized access to the X (former Twitter) account of CEO Stacey Worden. Users were advised not to click on links or participate in correspondence with the scammer.
Once the hacker gained control of the account, he began posting messages on Worden's behalf. At first, they pejoratively referred to the Algorand community as "impoverished" and encouraged selling ALGO tokens in favor of buying Ethereum.
be a real nigga
— staci.algo (@StaciW_DC) January 26, 2024
sell $algo
buy $eth
In a subsequent post, the hacker shared a story about #Justin Sun, suggesting that he could take Algorand to new heights if he gained full control of the project.
Just when I thought it was all over for Algorand — my phone rang — it was his excellency. Justin told me that he would boost Algorand to new heights by launching TUSD (TRUE USD) and VRUSD (VERY REAL USD) on Algorand, and all I had to do was agree to give him total control over… pic.twitter.com/Rr9K28uGwh
— staci.algo (@StaciW_DC) January 26, 2024
Some community members attempted to engage in a discussion with the hacker. In particular, analyst and crypto detective #ZachXBT noted that the attacker could potentially become a "good CEO" for the Algorand Foundation.
Another user noted that the person impersonating Stacey Worden also claimed to be an intern at the U.S. Securities and Exchange Commission (#SEC) in his posts. It is worth noting that on January 9, unknown individuals hacked the Commission's page X and spread a false message about the introduction of spot #bitcoin-ETFs.
The Algorand Foundation said it is actively working to restore access to Worden's account. Meanwhile, joint blockchain company #Hedera and Algorand are making joint efforts to develop a decentralized system to recover #crypto wallets.
