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Truth Terminal Hack Leads to $600K Scam Profit

  • Andy Ayrey's X account was hacked, promoting a fake token ('IB') and driving a rapid $25M market cap increase.
  • The hacker sold off a 12.5% stake, profiting $600K before the token's market cap dropped 98%.
  • Despite efforts to stabilize the token, the incident raises concerns about account security in the crypto industry.
  • Hackers are evolving, and their tactics are getting bolder, emphasizing the need for vigilance in the crypto space.

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