According to an official statement published on March 22 by Circle, the company that is responsible for issuing the stablecoin known as USD Coin (USDC), the Twitter account of Dante Disparte, who serves as both the chief strategy officer (CSO) and director of global policy, has been hacked.
The account was taken down by Twitter minutes after reports of the hack made rounds.
It has been alleged that the account associated with Disparte started pushing bogus loyalty benefits to long-time customers of USDC in a Tweet that has since been removed.
Before the account was compromised, Disparte’s account tweeted about the company’s involvement in the current Paris Blockchain Week and the regulatory changes that the company was following.
When this article was written, four tweets that the suspected con artist had published using Disparte’s identity had been deleted. Three postings are still up, providing general commentary on current events involving USDC.
The security vulnerability occurred less than a month after the stablecoin depegged due to reserve deposits left in the custody of the now-defunct US tech bank Silicon Valley Bank. The problem has subsequently been fixed, and USDC has re-pegged. However, there is still a minimal deviation between the stablecoin’s peg and th
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Author: Brenda Mary
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