According to an official post on March 22 from Circle, issuer of the USD Coin (USDC) stablecoin, the Twitter account for its chief strategy officer and head of global policy, Dante Disparte, has been compromised. In a previously deleted Tweet, Disparte’s account reportedly began promoting fake loyalty rewards to long-time users of USDC.
Before the compromise, Disparte’s account tweeted about the firm’s regulatory developments and its participation in the ongoing Paris Blockchain Week. The security breach came less than a month after the stablecoin briefly depegged due to reserve deposits left in the custody of defunct American tech bank Silicon Valley Bank. The incident has since been resolved, and USDC has repegged, albeit a tiny variance with the stablecoin’s peg still exists at the time of publication.