Compromise of Nano Labs Founder Jack Kong's X Account
The personal X account of Jack Kong was compromised to promote a fake token. Nano Labs confirmed the posts were unauthorized and warned users against engagement.
The personal X account of Nano Labs founder Jack Kong was compromised by attackers who used it to promote a fraudulent AI trading token called Binance World Assets ($BWA). The attackers claimed that the token would utilize trading fees on BNB Chain to trade bStocks and distribute profits to holders. This misleading information was disseminated through Kong's account, which lent it an air of legitimacy.
In response to the incident, Nano Labs issued a statement clarifying that the posts promoting the fake token were unauthorized. The company emphasized that it had not issued or endorsed any such token and cautioned users against clicking on links or sending funds to any associated contracts. This warning aimed to protect users from potential financial loss due to the scam.
No specific loss figure has been reported, and the blockchain chain involved was not stated. However, the incident highlights the risks associated with account compromises and the potential for misinformation to spread through trusted channels.