Sheila Warren, CEO of the Crypto Council for Innovation, had her X account hacked on Thursday, December 26, to advertise the $SPELL token, the advocacy group confirmed in a social media assertion.
Sheila Warren Hacked to Promote $SPELL Token
The now-deleted December 26 X put up learn, “I’m thrilled to introduce my newest enterprise into AI and crypto: $SPELL — the following evolution in autonomous AI brokers, designed particularly for Web3 and Solana.”
These posts, which included a contact handle and promotional content material for the token, shortly prompted the Crypto Council for Innovation to reply publicly.
It is a rip-off and NOT Sheila Warren. We’re working to resolve the problem. Disregard any tweets and don’t click on on any hyperlinks. pic.twitter.com/b0UrcsOmxx
— Crypto Council for Innovation (@crypto_council) December 27, 2024
“It is a rip-off and NOT Sheila Warren,” they acknowledged. “We’re working to resolve the problem. Disregard any tweets and don’t click on on any hyperlinks.”
As of Friday, December 27, all posts associated to the $SPELL token on Warren’s account had been swiftly eliminated.
Hack Follows Sheila Warren’s Resignation Announcement
The hack occurred lower than two weeks after Warren introduced her resignation from the Crypto Council for Innovation.
Her departure is scheduled only a month earlier than President-elect Donald Trump’s inauguration.
I’m full of blended feelings as I share that I can be stepping down because the inaugural CEO of @crypto_council in January. The incomparable @_JiKim can be moving into a brand new position as President and Performing CEO of CCI, and I’ll present help as Senior World Coverage Advisor.…
— Sheila Warren (@sheila_warren) December 13, 2024
Whereas Warren didn’t explicitly state her causes for leaving, she remarked on the altering dynamics of the crypto business since she turned CEO in 2021, noting, “It was a special period—earlier than the FTX debacle and simply as Gary Gensler’s assaults on the business have been starting to unfold.”
Warren can be changed by the group’s chief authorized officer, Ji Kim, however she is going to stay concerned as a senior coverage advisor.
In an announcement, Warren hinted at her subsequent steps, saying, “Group CCI is hardworking and passionate. Beneath Ji’s management, I’m assured CCI will navigate Washington’s regulatory panorama efficiently, because it has finished in different markets.”
Regulatory Adjustments Loom as Trump Prepares for Workplace
President-elect Donald Trump has tapped former SEC commissioner Paul Atkins to exchange outgoing SEC chair Gary Gensler.
Paul Atkins has his work minimize out, as he steps into the sneakers of a person who has turn into one of many crypto business's largest nemesis.#SEC #Regulation #BTChttps://t.co/9DJn2yOkQW
— Cryptonews.com (@cryptonews) December 14, 2024
Atkins, presently CEO of Patomak World Companions, has drawn reward from segments of the cryptocurrency neighborhood for his stance on much less aggressive regulatory measures in comparison with Gensler.
With three weeks till Trump takes workplace, the cryptocurrency sector awaits readability on the administration’s strategy to blockchain regulation.
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