Circle CEO Jeremy Allaire has revealed that the Twitter account of one of the company’s top executives who promised USDC airdrops has been hacked.
Dante Disparte, who joined Circle as chief strategy officer and head of global policy in April 2021, said in a suspicious Twitter thread that USDC holders would receive the bonus later. stablecoin d-peg earlier this month.
According to the hacked account, USDC will come in the form of a “one-time bonus” airdrop to users.
However, Allaire was quick to alert the crypto community that the account was hacked.
Circle’s official Twitter account also confirmed that Disparte’s Twitter account was hacked. company Said,
“This Twitter account (@ddisparte) has been taken over by a scammer. Any links to offers are scams. We are investigating the situation and taking action accordingly.”
Notably, prior to the official alert, several individuals within the crypto community identified a phishing attempt by a hacker and actively disseminated information to potential victims to avoid being scammed.
USDC in the spotlight after de-pegging
Circle’s USDC has been at the center of debate over the past few weeks amid the collapse of the Silicon Valley bank that led to the de-pegging of the stablecoin.
On March 10, Silicon Valley BankOne of the most popular lenders to Silicon Valley tech and growth startups, it failed after a bank run.
The collapse sent shockwaves through financial markets and also affected many crypto companies with exposure to the bank.
For once, Circle, the world’s second largest stablecoin USDC issuer, revealed that he has $3.3 billion in bank-maintained accounts.
Following the revelation, USDC was hit with a wave of redemptions as concerns about reserves mounted, causing the stablecoin to lose its peg.
Data from CoinMarketCap shows that the price of USDC, which is considered to be equal to $1, fell to an all-time low of around $0.8774 on March 11.
However, the stablecoin started a gradual recovery after an influx of positive news.
Notably, US regulators announced emergency measures shortly after the collapse.
The US Federal Reserve, Treasury Department, and the FDIC announced that they would use the FDIC’s insurance funds to prevent depositors from losing money – reintroducing the Circle.
According to CoinMarketCap data, USDC is currently trading at $0.9989.
In particular, Circle holds a firm commitment to backing each USDC on a 1-to-1 basis with the US Dollar.