Solana co-founder claims that spam accounts targeted the chain with fake exploit news

Solana co-founder Raj Gokal warned of fake Solana news by scammers.
Gokal claimed on his official X account that false news about SOL exploit was being spread.
Solana has been one of the star performers in inflows in the altcoin space.

Solana false news about exploit

Solana co-founder and COO Raj Gokal raised concerns about the spreading of false information about the Solana blockchain. In a recent post on X, Gokal pointed out that malicious actors had targeted the network, stating, "Somebody made a fake @Cointelegraph account, a fake protocol account with real followers, and a fake influencer account, all to fake news of an exploit on @solana."

This incident isn't the first incident as Gokal referenced a previous case involving a fabricated testimonial. A false post by former Alameda Research CEO Caroline Ellison previously made rounds that claimed the company operated a Solana "on and off" switch.

Can someone confirm this is legit?

Geesh, as the leader of the #SolanaSoldiers, this hurts my heart $SOL UNTIL I DIE https://t.co/qhVzeBJ7sN
— Ben Armstrong (@BenArmstrongsX) October 12, 2023

He emphasized the reality of information warfare and urged caution within the crypto community.

A similar incident involving false news on the same news platform regarding the approval of a Bitcoin ETF occurred last week. This information triggered a notable rise in the price of Bitcoin leading to short liquidations in the market.

Solana remains a key altcoin performer

Solana has been a standout performer in the altcoins space, attracting significant inflows. According to the recent report by CoinShares, Solana received an additional $15.5 million in inflows, bringing the total year-to-date inflows to $74 million.

Solana controls assest under management (AUM) of $159 million.

Solana inflows

At the time of writing, the price of Solana (SOL) is hovering above $31 with a 24-hour trading volume of $1.7 billion based on CoinGecko data. The past day has seen minor gains, but in the last seven days, Solana has spiked by around 30%.

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