As Solana meme coin scams increase, Animoca Brands has released a public announcement about the compromise of co-founder Yat Su’s X account.
The official statement makes it clear that the recent claims regarding the launch of the $ANIMOCA token or non-fungible tokens on the Solana blockchain attributed to Animoca Brands were the result of malicious activities by the hacker. Kenta, a crypto game streamer, first conducted the investigation.
The Hong Kong-based gaming software company said there is currently no official token or NFT launch related to Animoca Brands and urged users not to engage with the compromised account. Animoca Brands has promised further updates once the account is restored.
Yat Siu and David Kim founded Animoca Brands Corporation in 2014. The company initially focused on mobile game development, but shifted its focus to blockchain gaming and NFTs in 2018, becoming a major player in the Web3 space.
Vulnerabilities in the Solana blockchain
This is not the first time that the Solana blockchain has been used to carry out a scam. Solana’s infrastructure makes users vulnerable to certain vulnerabilities. A recent case filed by the U.S. Department of Justice shed light on this matter: The Justice Department has charged two men from California…
