Solana co-founder claims that spam accounts targeted the chain with fake exploit news
- Solana co-founder Raj Gokal warned of fake Solana news by scammers.
- Gokal claimed on his official X account that false news about SOL exploit was being spread.
- Solana has been one of the star performers in inflows in the altcoin space.
Solana false news about exploit
Solana co-founder and COO Raj Gokal raised concerns about the spreading of false information about the Solana blockchain. In a recent post on X, Gokal pointed out that malicious actors had targeted the network, stating, "Somebody made a fake @Cointelegraph account, a fake protocol account with real followers, and a fake influencer account, all to fake news of an exploit on @solana."
This incident isn't the first incident as Gokal referenced a previous case involving a fabricated testimonial. A false post by former Alameda Research CEO Caroline Ellison previously made rounds that claimed the company operated a Solana "on and off" switch.
Can someone confirm this is legit?
— Ben Armstrong (@BenArmstrongsX) October 12, 2023
Geesh, as the leader of the #SolanaSoldiers, this hurts my heart $SOL UNTIL I DIE https://t.co/qhVzeBJ7sN
He emphasized the reality of information warfare and urged caution within the crypto community.
A similar incident involving false news on the same news platform regarding the approval of a Bitcoin ETF occurred last week. This information triggered a notable rise in the price of Bitcoin leading to short liquidations in the market.
Solana remains a key altcoin performer
Solana has been a standout performer in the altcoins space, attracting significant inflows. According to the recent report by CoinShares, Solana received an additional $15.5 million in inflows, bringing the total year-to-date inflows to $74 million.
Solana controls assest under management (AUM) of $159 million.
At the time of writing, the price of Solana (SOL) is hovering above $31 with a 24-hour trading volume of $1.7 billion based on CoinGecko data. The past day has seen minor gains, but in the last seven days, Solana has spiked by around 30%.
Author
Shraddha Sharma
FXStreet
With an educational background in Investment Banking and Finance, Shraddha has about four years of experience as a financial journalist, covering business, markets, and cryptocurrencies.
