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Cryptocurrency News Articles

Vivek Ramaswamy's X account was hacked to falsely announce a partnership between the U.S. Department of Government Efficiency and USUAL.

Dec 21, 2024 at 12:01 am

The fabricated announcement suggested the government would adopt stablecoins like USUAL to streamline operations and promote fiscal responsibility.

Vivek Ramaswamy's X account was hacked to falsely announce a partnership between the U.S. Department of Government Efficiency and USUAL.

Vivek Ramaswamy’s X account was hacked on March 21 to falsely announce a partnership between the U.S. Department of Government Efficiency and stablecoin issuer USUAL. The post claimed the collaboration would aim to tackle the federal deficit.

The fabricated announcement stated that the government would adopt stablecoins like USUAL to streamline operations and promote fiscal responsibility. The post was quickly deleted after the breach was identified.

However, despite the DOGE-USUAL partnership being entirely false, the Department of Government Efficiency remains focused on modernizing government processes and reducing inefficiencies. The department continues to prioritize upgrading outdated IT systems, which consume 80% of the federal IT budget.

Other notable X hacks

Canadian rapper Drake’s X account was hacked on December 15 to promote a fake meme coin called Anita. The token surged to $4.9 million in trading volume as followers mistakenly believed it was tied to Drake’s upcoming Anita Max Wynn tour.

On September 19, scammers hijacked Decentraland’s X account to promote a fake MANA airdrop, which was a phishing scheme targeting its 607,000 followers. They disabled comments on their posts, claiming it was to prevent the spread of “malicious links.

News source:crypto.news

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Other articles published on Dec 21, 2024