In the announcement on January 29th, DWF Labs confirmed that the X account of Partner Manager Andrei Grachev (@ag_dwf) had been unlawfully accessed. The investment fund strongly advises users not to click on any links to avoid financial losses.
Please note:
Andrei Grachev (@ag_dwf) our Managing Partner’s X account has been compromised.
Please refer only to DWF Labs official channels for verified news while we work to recover the account🙏
— DWF Labs (@DWFLabs) January 28, 2024
Currently, Andrei Grachev’s X account has been restored. He also reminds users to cross-verify information with the official DWF Labs account when anyone claims that a project is invested in by the fund.
If someone says that his/her project is invested by DWF Labs/Ventures, but there is no signs from our side – please double confirm it with us.
Be aware of scammers— Andrei Grachev (@ag_dwf) January 27, 2024
Instances of hacked Twitter accounts posting misleading information are not unfamiliar in the cryptocurrency space, notably the recent hacking of the U.S. Securities and Exchange Commission (SEC) Twitter account, which falsely approved a Bitcoin spot ETF, significantly impacting Bitcoin prices on January 10th.
Related: Leaders of Wintermute, DWF Labs and GSR “cursed” at each other
Prior incidents include Ethereum co-founder Vitalik Buterin being hacked to share fraudulent links, and more recently, the CEO of the Algorand Foundation had their profile modified to that of a “pole dance performer.” CoinGecko also posted a fake airdrop announcement, and there have been numerous other influential accounts affected in the industry.
