Recently, Cardano prices experienced a sudden drop after over-buying. This led to a rapid flash crash, sparking investor concerns. On the other hand, the DTX exchange showed strong performance, with a staggering increase in value of 300%.

While Cardano has had its struggles with price volatility, DTX has gained a good reputation in the market and remains strong. In this article, we will discuss what happened to Cardano, the rise of the DTX exchange, and what it means for investors.

Cardano Foundation’s X Account Hacked
On December 8, someone hacked into the Cardano Foundation’s Twitter account (X). The hacker shared a fake cryptocurrency called “ADAsol” and falsely stated that the Cardano Foundation would stop supporting Cardano’s main cryptocurrency ADA.
Cardano creator Charles Hoskinson confirmed the hack on social media. Before the fake ADAsol tokens were discovered, it was trading at around $500,000. However, its value quickly dropped by $99%.
Since then, both the post about the fake ADAsol and another message about a possible SEC lawsuit have been deleted. The Cardano Foundation is repairing the hacked account and said that other parts of the Cardano system were not affected. Nevertheless, users should be cautious until everything returns to normal and avoid clicking on any links on the Cardano Foundation's Twitter account.

Hacking of other X accounts is common
The Cardano Foundation is not the only group to have its Twitter account hacked. Many other organizations have faced similar issues with hackers posting fake links and information.

December 2023: Compound Finance’s Twitter account is hacked. Hackers share fake links that look like real websites to promote fake COMP tokens. If people click on these links, their cryptocurrency could be stolen.

October 2023: The Twitter account of token service company Symbiotic is hacked. The hacker posts a fake airdrop list, claiming that users can earn points by interacting with the post. The links lead to fake websites that steal real Symbiotic tokens from wallets.

October 2023: The Twitter account of EigenLayer, another token service company, was hacked. The hacker promoted a fake airdrop event.

October 29, 2023: The Twitter account of the founder of Truth Terminal AI is hacked. The hacker uses this account to advertise a fake memecoin.

November 2023: Rapper Wiz Khalifa’s Twitter is hacked. The hackers promote a fake celebrity memecoin called WIZ, falsely claiming to be associated with Khalifa.

Cardano price is currently trading at a low of around $1.10 with a 24-hour trading volume of around $1.84 billion. Cardano price has fallen by 8.83% in the past 24 hours. It is ranked 9th on CoinMarketCap with a market cap of around $38.67 billion.

DTX Exchange: Combining Finance with DeFi, Providing Early Access at $0.12!
DTX Exchange (DTX) is a new DeFi token that is being hailed as one of the biggest projects this year. It is unique in that it combines traditional finance (TradFi) with decentralized finance (DeFi). The platform uses a special Layer-1 blockchain called VulcanX to combine regular financial instruments with DeFi products to appeal to a wider audience.
The platform is also developing a smart system to track the minting and destruction of its tokens. This means that whenever a token is created or destroyed, the system will record these operations and ensure that everything matches the collateral pool. They are improving the backend scripts to ensure that the smart contract token supply correctly reflects the ETF holdings in the custody account, keeping everything balanced.
Another feature they are developing is dividend management. They are exploring ways to automatically convert dividends into stablecoins and then send them directly to token holders. The amount each user receives will depend on the number of tokens held at the time of payment.
The presale of DTX tokens has entered its sixth round, with each token priced at just $0.12. So far, the presale has raised over $9.9 million, making it a great opportunity for people to get involved early.