Animoca Brands Founder Yat Siu's X Account Exploited to Promote Fake Token

Yat Siu, co-founder of Animoca Brands and recognized as one of CoinDesk's Most Influential for 2024, recently had his X account compromised, leading to the promotion of a fake token named MOCA. The incident is believed to have stemmed from a phishing email. Animoca Brands swiftly issued a warning, clarifying that it is not launching any official tokens or NFTs. The compromised account caused no direct impact on Animoca or related entities, and security measures remain robust. The situation highlights the ongoing risks of digital security in the crypto space. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk