The X account of Binance founder CZ‘s new venture was hacked, resulting in the dissemination of malicious links and the fabrication of false CEO claims.
Giggle Academy, an educational startup founded by Changpeng ‘CZ’ Zhao, the founder of Binance, was the victim of a hack on its X account. CZ cautioned followers to be cautious of the account’s false information. The platform users’ security concerns were further exacerbated by the phishing links posted by the hackers.
The account is still compromised, and the team and CZ are working to restore it. It is recommended that users exercise caution when receiving messages from the compromised account.
Binance Founder’s Giggle Academy X Account Hacked
Giggle Academy’s official X account was compromised by hackers who promptly disseminated false information, per a November 16 post by Changpeng ‘CZ’ Zhao. The hacker, in particular, announced the appointment of a “new CEO” for Giggle Academy and urged followers to click on phishing links to purportedly verify the information.
The account is currently compromised, and CZ and the Binance team are actively attempting to recover it. It is recommended that followers refrain from engaging with suspicious posts or links shared on the account until they are secured.
Giggle Academy, an educational initiative initiated by CZ, is committed to offering free education for grades 1-12. The project’s objective is to enhance the accessibility and engagement of learning by incorporating gamification, with a particular emphasis on low-literacy countries in CZ—Giggle Academy endeavors to revolutionize global educational access by providing a distinctive, revenue-free model.
Changpeng Zhao’s Transition from Binance to Education Innovation
Binance, the world’s largest cryptocurrency exchange, was established by Changpeng Zhao, also known as CZ. After encountering legal obstacles, he resigned from his position as CEO of Binance to concentrate on new ventures.
The objective of Giggle Academy is to transform the field of education by incorporating blockchain and AI technology. The initiative aims to enhance the effectiveness and engagement of education by utilizing innovative tools to provide students, particularly those in underserved regions, with accessible, gamified learning.
CZ aims to empower students from low-literacy areas by facilitating a global shift in education through Giggle Academy. His objective is to establish a system that provides personalized, transparent, and accessible learning experiences to children worldwide by utilizing AI and blockchain.
