Jeremy Allaire, co-founder and CEO of Circle, the issuer of the stablecoin USDC, has warned that the Twitter account of the company's chief strategy officer, Dante Disparte, has been hacked.
He has written:
"Disparte's Twitter account was hacked."
An unknown person gained access to the senior manager's profile and made a post that talked about an airdrop for USDC holders.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
Circle representatives have confirmed the senior manager's profile has been compromised and that all links in the post "are fraudulent." The company has pledged to take appropriate action.
It should be noted that the thread contained a URL that was not from the company.
Last March 11, USDC lost its parity with the US dollar after Circle announced that it had $3.3 billion in reserves at the government-closed Silicon Valley Bank (SVB).
The company promised to cover "any shortfall" in the stablecoin backing. However, the asset fully regained parity with the dollar only after US regulators announced the bailout of SVB depositors.