0G Labs' Twitter Account Hacked: Phishing Risk Present

Attention in the cryptocurrency market has turned to 0G (0G) Labs. This altcoin, listed on Binance, had its official X (Twitter) account hijacked by cyber attackers on October 5. The incident has raised significant alarm with warnings emphasizing the need for users to be cautious and avoid clicking on suspicious links.

According to information reported by BlockBeats, malicious links were shared shortly after the account was compromised. However, 0G Labs has yet to provide an official statement regarding the incident, and it has been reported that the account has not been fully recovered. This event has once again brought the topic of "community ties" to the forefront among social media users. X user Money10x pointed out that this attack is not just a technical issue, but also a critical 'wake-up call' for Web3 projects.

Following the hack, claims were made in the attacker's posts that 0G Labs had failed to fulfill its promised airdrop to the community. This situation caused significant disappointment among some users who had contributed to the project. The incident highlights the importance of transparency and community management in Web3 projects. Recently, 0G Labs announced that Dr. Jonathan Chang joined the board of directors of the 0G Foundation. Chang’s responsibilities include the adoption of decentralized artificial intelligence technologies and the development of educational policies.

At the time of writing, the 0G (0G) token was trading at a price of $3.12 and had recorded a price increase of 6.1% in the last 24 hours. The token’s market capitalization is reported to be approximately $666 million. Investors are keenly watching how this situation will impact the trust in 0G Labs. It is important for investors to remain cautious about projects that experience a loss of trust and to follow developments regarding community management.