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During a brief period on Wednesday, some users were taken aback to see a crypto “airdrop” post on the verified account of Andreessen Horowitz. A subsequent tweet claimed that $5 million had already been distributed. The account boasts 851,000 followers. A member of a16z’s crypto team saw the tweet and promptly issued a warning to refrain from engaging. The post was swiftly removed. Airdrops are typically utilized as a means for cryptocurrencies to promote themselves.
A16z Account Compromised
A statement from a16z to TechCrunch confirmed the incident, stating, “Earlier today, our account was briefly compromised. During that time, the account promoted a token and other fake content — none of which originated from a16z. Apologies for any confusion caused by the individuals who gained temporary access to our account.”
Known for its investments in the crypto space, Andreessen Horowitz sparked a flurry of jokes and cautionary tweets due to the nature of the scam. The prevalent sentiment was that the provided link would likely deplete a crypto wallet rather than supplement it. Therefore, the age-old adage rang true: if it seems too good to be true — such as a venture capitalist dispensing valuable assets — then it likely is not true.
For reference, here is an image of the fraudulent tweets:
