No, Andreessen Horowitz did not put up that crypto rip-off tweet

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For some tense minutes on Wednesday, X customers had been shocked to see a type of crypto “airdrop” posts on Andreessen Horowitz’s blue check-marked account. A second tweet stated that $5 million had already been given away.

That account has 851,000 followers. A member of a16z’s crypto crew noticed the tweet and instantly posted a warning to not have interaction. X shortly took down the put up. Airdrops are often used as methods for cryptocurrencies to advertise themselves.

a16z tells TechCrunch, and posted on the account: “Earlier at this time, our X account was briefly compromised. Throughout that point, the account promoted a token and different pretend content material — none of which originated from a16z. Apologies for any confusion attributable to the clowns who briefly took over our account.”

a16z is well-known for its crypto investments. As a result of it is a crypto-loving agency, jokes and warning tweets flew: The hyperlink would doubtless drain a crypto pockets, not add to it. So, if it sounds too good to be true — like a VC making a gift of worthwhile property — it isn’t true.

Right here’s what the rip-off tweets seemed like:

crypto scam tweet
crypto rip-off tweet posted to a16z X accountPicture Credit:X



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