Crypto enterprise capital agency a16z (Andreessen Horowitz) has regained management of its official X account after hackers briefly took it over to advertise a fraudulent token.
On June 18, 2025, the official X account of a16z was compromised, granting unauthorized entry to malicious actors who used the platform to advertise a pretend Solana-based token underneath the identify “$a16z.”
The breach lasted for a quick interval, throughout which the attackers posted malicious hyperlinks and false promotions to the account’s viewers of over 850,000 followers.
One of many posts falsely claimed, “It’s Official: $a16z Launches Its Personal Token. In the present day marks a pivotal second within the evolution of crypto @solana,” alongside a pockets deal with used to bait customers into shopping for.
A number of different posts pushed pretend giveaways and guarantees of free tokens, together with one claiming a $5 million airdrop, all designed to lure unsuspecting customers into partaking with the compromised content material. On-chain knowledge revealed that the fraudulent token briefly pumped in worth following the posts, earlier than crashing practically 90% in a typical pump-and-dump sample.
a16z regained management of the account shortly after and swiftly deleted the fraudulent content material. In a statement, the agency confirmed the breach was restricted to its X account and reassured customers that not one of the promotions got here from them.
“Earlier right this moment, our X account was briefly compromised. Throughout that point, the account promoted a token and different pretend content material— none of which originated from a16z. Apologies for any confusion attributable to the clowns who briefly took over our account,” the assertion learn.
The agency’s response obtained combined reactions from followers, with many elevating considerations concerning the account’s safety. Some customers claimed to have fallen sufferer to the scheme and known as on the agency to issue refunds.
This isn’t the primary time an a16z-affiliated account has been focused. Again in February, the private X account of a16z founder Chris Dixon (Shaw) was equally compromised and used to advertise a pretend venture. On the time, the co-founder described the breach as fastidiously deliberate and apologized to these affected by the scheme.
