EddieJayonCrypto
19 Jun 25
The social media account of venture capitalist firm Andreessen Horowitz (a16z), which manages tens of billions in assets and has 851,000 followers on X, was briefly hacked to promote a fake Solana-based token and other fraudulent content. The firm apologized for the incident, clarifying that the pro...
Venture capital firm Andreessen Horowitz (a16z), known for managing tens of billions of dollars in assets, experienced a brief security breach on its social media account. The firm's X account, which boasts 851,000 followers, was hacked to promote a fake Solana-based token and other fraudulent content. The promoted token was falsely attributed to a16z, prompting the firm to issue an apology and clarify that it was not involved in creating the fake digital asset.
This incident follows a similar earlier hack in February when the X account of a16z founder Shaw was compromised. Despite employing strong security measures such as two-factor authentication, a password manager, and strong passwords, Shaw's account was used to promote a fraudulent Eliza scam. The attacks are believed to be carefully planned and targeted, highlighting the persistent threat aimed at high-profile figures and firms in the crypto and venture capital space.
These security breaches underscore the increasing sophistication of hackers attempting to deceive large audiences through trusted accounts, leveraging the prominence of firms like Andreessen Horowitz to promote bogus crypto tokens and scams. The firm’s prompt response aims to mitigate confusion and warn followers about the fraudulent activities linked to the breaches.