Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Animoca Brands Founder’s X Social Media Account Hacked, Used To Promote Fake Solana Ecosystem Token

The co-founder of Animoca Brands, a leading firm in the blockchain gaming space, had their X social media account hacked and used to promote a fake Solana ( SOL ) token. In a new thread on the social media platform X, Animoca Brands – known for creating metaverse game The Sandbox ( SAND ) – says that founder and chairman Yat Siu’s X account was taken over by bad actors and used to endorse a fake token launch on Solana. “Unfortunately Yat Siu’s social media account has been compromised. There is no official token or NFT (non-fungible token) launch from Animoca Brands. The token launch on Solana as claimed in a post was made by the hacker. Please DO NOT engage with the account and stay vigilant. We will provide an update when the account is restored.” In a separate post on X, Mocaverse ( MOCA ) – the NFT collection of Animoca Brands that was said to be launching a token over SOL – says the ecosystem is safe and that better security measures are now in place. “We have confirmation that X has secured control of Yat Siu’s account and is now in the process of verifying true account ownership. The evidence seems to suggest that this was a case of stolen identity as the account had standard security implementations… There is no compromise on Animoca Brands, Moca Network or MOCA Foundation official handles, and there are strict security measures in place. As safety measures, all key members and official accounts have updated all authentications. No additional vulnerabilities or unauthorized activities were identified.” SAND and MOCA are trading for $0.561 and $0.327 at time of writing, respectively. According to blockchain investigator ZackXBT, Siu likely fell for the same phishing email scam that other blockchain executives were hit with earlier this week. “Update: Yat Siu (co-founder of Animoca) likely fell for the same phishing email a few hours ago as the scam token was deployed by the same address as the Kick and Vanar CEO ATOs.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Animoca Brands Founder’s X Social Media Account Hacked, Used To Promote Fake Solana Ecosystem Token appeared first on The Daily Hodl . NullTx

---

Shiba Inu Introduces a ‘Groundbreaking’ Virtual World Project: Details

TL;DR Shiba Inu’s virtual world, powered by Shibarium, offers users the ability to own, trade, and develop blockchain-recorded virtual real estate. Over the last few years, Shiba Inu has grown with projects like Shibarium, Shiba Eternity, and Shiboshi Rush, showcasing its rapid evolution from a meme coin to a broader ecosystem. ‘Welcome to SHIB: The Metaverse’ Shiba Inu recently announced the launch of a virtual world called “SHIB: The Metaverse.” LUCIE (Shibarium’s marketing lead) described the project as “groundbreaking.” Powered by the layer-2 scaling solution, “SHIB: The Metaverse” represents a platform for “creativity, connection, and ownership.” LUCIE further explained that the project allows users to own, trade, and develop virtual real estate recorded on the blockchain. People are also enabled to create personalized avatars, build their own vision, and connect globally with other members of the SHIB community. For their part, Seizan_Shib posted a short video on X, showing what the project looks like. The X user said “SHIB: The Metaverse” is already live but warned that it is still in beta version . One individual who reacted was Shiba Inu’s lead developer – Shytoshi Kusama. They retweeted the post, simply saying , “Beautiful.” Previous SHIB-Related Projects In the past few years, Shiba Inu has significantly expanded beyond being just a meme coin. The self-proclaimed Dogecoin-killer has evolved into a broader ecosystem with several notable developments. One evident example is its L2 blockchain solution – Shibarium. It officially saw the light of day last summer and is specifically designed to reduce transaction fees, improve speed, and enhance scalability. Earlier this week, Shibarium blasted through another major milestone. As CryptoPotato reported , the total transactions processed on the network exceeded 700 million. Shiba Inu has also entered the gaming sector. In October, the team introduced Shiboshi Rush, which enables players to deploy their troops at certain locations and “utilize the multiplier gates” to grow their armies. Prior to that, the developers launched Shiba Eternity, which is perhaps the most popular game within the ecosystem. It allows players to trade, collect, and battle with cards that feature numerous characters, items, and themes inspired by the meme coin. In August, LUCIE disclosed that the game’s “closed beta “ is live. They stated that Shiba Eternity isn’t “just the same old game with minor tweaks “ but a complete transition to Web3, featuring significant upgrades. These include a redesigned ranking system, exclusive tournaments for advanced players, an improved and user-friendly interface, and more generous rewards. The post Shiba Inu Introduces a ‘Groundbreaking’ Virtual World Project: Details appeared first on CryptoPotato . NullTx