A recent hacking incident has led to the dissemination of false information about a partnership involving the Department of Government Efficiency (DOGE). The hacked X account of one of DOGE’s leaders was used to post a fabricated announcement, which has since been deleted by the team.
Scammers Exploit Hacked Account to Promote Fake Collaboration
The X account of DOGE’s second head, Vivek Ramaswamy, was hacked, and a fraudulent post was made. This post falsely claimed that DOGE was partnering with $USUAL, a stablecoin issuer with a market capitalization of $688.94 million. The post further mentioned that the collaboration aimed to enhance governmental transaction capabilities while promoting fiscal responsibility.
The partnership was described as a step toward leveraging virtual currencies for economic stability, growth, and financial inclusion. However, these claims were later debunked after the hack was discovered.
Quick Response to the Hacking Incident
The team at DOGE acted swiftly to address the issue. The fraudulent post was deleted, and efforts were made to secure the account. Fishback, the founder of Invest Azoria, confirmed that the claims of collaboration were entirely untrue. He stated that the hackers were attempting to propagate a scam. Fishback revealed that he had spoken with Ramaswamy, who confirmed that he had been locked out of his account during the incident.
No Cryptocurrency Plans Confirmed by DOGE
Despite the fraudulent post, DOGE has not announced any official plans to incorporate cryptocurrency into its operations. The department, led by Ramaswamy and Elon Musk, remains focused on its primary objectives. These include simplifying federal oversight, reducing excessive regulations, and reconstructing federal agencies.
In a statement made in November, President-elect Donald Trump emphasized that DOGE’s leadership is tasked with eliminating bureaucratic inefficiencies and cutting wasteful expenditures. As of now, the department has not confirmed any collaborations or projects involving cryptocurrencies.
The hackers falsely claimed that the partnership between DOGE and $USUAL would support the fiscal goals of the Donald Trump administration. The post also suggested that the collaboration would help reduce the federal deficit and enhance financial transaction efficiency. These claims have been officially denied, with the incident being attributed to the hacking of Ramaswamy’s account.
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The false information has been removed, and DOGE has reiterated its commitment to transparency and efficiency in its operations.
