The official X account of top VC a16z was hacked, and hackers directly used it to post fake coin ads! Investors rushed in, leading to a 15% drop in 15 minutes. On the surface, this seems like a hacker's trick, but it actually exposes the institutions' vulnerabilities—if even verified accounts can be hacked, is there any safety in the crypto world?



1. Hacker tricks revealed: specifically targeting 'faith-based investors'

Who is a16z? A crypto industry bellwether that has invested in Coinbase and Solana! Yet their own account security is virtually non-existent, hackers easily took over and posted fake coin ads (such as false contract addresses), luring investors to click links and authorize wallets, ultimately robbing them of real money.



History repeats: In February this year, the a16z founder's account was hacked, and the fake coin ELIZA dropped to zero within half an hour; the same trick is happening again today.
Investor mentality: Blindly trust 'institution endorsements', ignore official announcements, don't check on-chain data, and when FOMO hits, go all in.

Irony of reality: a16z made over a billion dollars last year, yet their security investment is less than my front door lock; exchanges can lose funds (like Binance previously losing 8000 BTC), while institutions whose accounts are hacked only provide perfunctory apologies.



2. Market chain knives: The big players are lying in wait for you to sell low and buy back.

Once false news breaks, a16z-associated tokens (such as AI track FET, AGIX) will inevitably be dumped. But don't be naive! This wave of panic is orchestrated by the big players themselves:



The scythe is faster than the chives: in similar incidents last year, someone took the opportunity to make a 30% profit in one day; all your losses went into their pockets.
On-chain data truth: Whale wallets (such as BlackRock's BTC holdings) show no large outflows, indicating that the market crash is caused by retail investors panicking, while the big players are quietly buying.

Survival rule:



Sudden good news? First, ask three questions: Has there been an official announcement? Is there on-chain activity? Have KOLs collectively promoted this for money?
Only trust on-chain data! Recommended tools: Lookonchain to track whales, Dune Analytics to see trading volume.


3. Industry unspoken rules: Security vulnerabilities are the big players' 'legitimate harvesting machines'.

The a16z incident is by no means an isolated case! In February this year, venture capital firm Insight Partners suffered a social engineering attack, and last October, Radiant Capital lost $50 million due to malware; the common point: using 'authority trust' to exploit investors.



Classic case: The fake project Toji forged a16z incubation screenshots, didn't even have a website, just relied on photoshopping to trick 500 people into sending money.
Root problem: Institutions prioritize marketing over security, investors prioritize quick wealth over research, hackers exploit cognitive gaps.


Ending hook: Last 12 hours of the Binance Alpha airdrop! But first, prevent scams before claiming money.

Latest intelligence: Binance Alpha's VELO airdrop has only 12 hours left; 242 points can be exchanged for 5000 tokens (costing 15 points). Key action:



Quick check on project details: VELO backed by Visa + Chainlink, real demand in the RWA track, not a pump-and-dump coin;
Cross-validation: compare Binance announcements + on-chain data (such as contract addresses), beware of phishing links!

Summary: Scammers in a bull market are working overtime; your FOMO is their year-end bonus. Want to make big money? First, practice basic scam prevention!
#BTC


Crypto industry insights, click my profile to follow me for more. Enjoy potential hundredfold coins deployment in a bull market and daily spot trading strategies!