when

<ul>
 <li>Luigi D’Onorio DeMeo, COO of Ava Labs, had his X account hacked.</li>
 <li>The account also disabled comments to prevent others from posting warnings.</li>
</ul>
The Twitter account of <a href="https://x.com/luigideme" target="_blank" rel="noopener noreferrer nofollow">Luigi D’Onorio DeMeo</a>, Chief Operating Officer of Ava Labs, was allegedly compromised by hackers. The breach became apparent when posts appeared on his official account promoting a newly launched Pokémon-themed memecoin associated with DeMeo. The posts were later removed.
The posts, which have since been deleted, included links to airdrops that many users found suspicious. The account also disabled comments to prevent others from posting warnings about the scam, citing concerns that “<a href="https://x.com/luigidemeo/status/1825390115201376480" target="_blank" rel="noopener noreferrer nofollow">malicious links</a>” could potentially be shared in the comments section.
The memecoin in question, Pika, is based on the popular Pokémon character Pikachu and is built on the Solana blockchain. The posts quickly raised concerns within the crypto community, with many speculating that DeMeo’s account had been compromised. Ava Labs has not yet issued an official statement regarding the breach, but the incident underscores the growing threat of hacking in the <a href="https://thenewscrypto.com/peter-schiff-criticizes-us-inflation-blames-trump-era-policies/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> space.
At press time, PIKA is currently trading at $0.00000001704 a 1.09% increase with a trading volume of $14,947 according to CMC. After the X post of DeMeo, the market cap hit a high of $7.20M.&nbsp;
<h3 class="wp-block-heading" id="h-forbes-list-of-america-s-best-startup-employees">Forbes List of America’s Best Startup Employees</h3>
The <a href="https://thenewscrypto.com/forbes-lists-bitget-token-bgb-among-best-performing-tokens-in-h1-2024-alongside-ton-and-pepe/" target="_blank" rel="noopener noreferrer nofollow">Forbes</a> List of America’s Best Startup Employees highlights the top talent driving innovation in the startup ecosystem. Each year, Forbes recognizes individuals who excel in various roles, from engineers and designers to marketers and product managers, across early-stage companies.&nbsp;
Ava Labs is one among the recently released list of <a href="https://x.com/Forbes/status/1765042903619887372" target="_blank" rel="noopener noreferrer nofollow">Forbes’</a> “America’s Best Startup Employees”.&nbsp; Among the 500 startups on the list, Ava Labs is in the 94th position with Devote Health, Healthcare situated in Massachusetts in the first place. Ava Labs has made it on the list for the second time.
Highlighted Crypto News Today:
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Ava Labs COO’s X Account Hacked to Promote Scam Airdrops

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