Crypto Giant a16z Recovers X Account After Hackers Push Fraudulent
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Crypto hack
Crypto venture capital giant a16z recovers X account after hackers exploit 850,000-follower platform to promote fraudulent Solana "$a16z" token claiming "pivotal moment in crypto evolution" before crashing 90% in pump-and-dump scheme.
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Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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Crypto venture capital giant a16z has successfully regained control of its official X account after hackers briefly compromised it to promote a fraudulent Solana-based token.
The attack, which occurred on June 18, 2025, saw malicious actors exploit a16z’s 850,000-follower account to falsely announce the launch of an official “$a16z” token, complete with contract addresses and claims that the move represented “a pivotal moment in the evolution of crypto.”
The fraudulent token experienced a brief pump before crashing nearly 90% in a classic pump-and-dump pattern. A16z quickly dismissed the incident with characteristic wit, apologizing for “any confusion caused by the clowns who temporarily took over our account.”
The a16z breach represents just the latest incident in an escalating wave of cryptocurrency-focused social media attacks that have targeted everyone from venture capital firms to government officials throughout 2025.
a16z X Account Hackers: The Anatomy of a Modern Crypto...
https://cryptonews.com/news/crypto-giant-a16z-recovers-x-account-after-hackers-push-fraudulent-a16z-token/
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