Vivek Ramaswamy, co-leader of the US government’s D.O.G.E. X account, hacked to promote a stablecoin
The post Vivek Ramaswamy, co-leader of the US government’s D.O.G.E. X account, hacked to promote a stablecoin appeared on BitcoinEthereumNews.com.
Vivek Ramaswamy’s X account, the co-leader of the US government’s Department of Government Efficiency (D.O.G.E.), was reportedly hacked. The breach led to the dissemination of false information about a purported partnership between D.O.G.E. and stablecoin project USUAL, resulting in a temporary surge in the price of the token. Through his official account on X (formerly Twitter), Ramaswamy allegedly announced a strategic collaboration between D.O.G.E and USUAL, an issuer of fiat-backed real world asset (RWA) stablecoins. According to the fraudulent post, the partnership aimed to leverage crypto initiatives to support the Donald Trump administration’s goal of reducing the federal fiscal deficit. It further claimed that the collaboration would enhance governmental transaction efficiency and promote fiscal responsibility. Fake announcement taken down, USUAL experiences price surge The announcement quickly drew attention and caused the price of $USUAL to spike by 31.08% to $1.61. Its market capitalization also surged by 38.73% to $720.2 million, although its 24-hour trading volume fell by 7.76% to $1.6 billion, per CoinMarketCap data. USUAL price spike – Source: CoinMarketCap However, the information was soon debunked as false, with Ramaswamy’s team confirming that his account had been hacked. The post was subsequently removed, and the team initiated swift action to regain control. Source: X James Fishback, founder of Invest Azoria, publicly clarified the situation, labeling the partnership claims as a scam. “I just spoke with Vivek. He has been hacked. He is locked out of his account. This is a scam,” Fishback wrote on X. Vivek’s influence on the government, which involves co-leading D.O.G.E. with billionaire Elon Musk, is likely the reason why hackers targeted his account. He is currently one of the “most watched” personalities, and he is at the center of Trump’s administration critics and supporters. December mauled with fake Social media crypto promotions Social media account hacks…
