What happened to the Algorand Foundation?

The Algorand Foundation found itself in an unexpected situation as its CEO, Staci Warden, had her social media account on X (formerly Twitter) compromised. Taking swift action, the Foundation promptly informed its community to exercise caution, urging them not to click on any links or respond to direct messages from the compromised account.

How much is Algorand (Algo) worth?

The current Algorand price (at press time) is $0.1625, with a 24-hour trading volume of $32.218 million. Algorand is up 0.78% in the last 24 hours. The current CoinMarketCap ranking is #52, with a live market cap of $1.307 billion. It has a circulating supply of 8,044,333,202 ALGO coins and a maximum supply of 10,000,000,000.

Could Sun 'total control' over Algorand be a new era in digital commerce?

According to the hacker, granting Sun “total control” over Algorand and allowing him to mint any token back to True USD (TUSD) would purportedly elevate the platform to new heights, pegging it to USD and heralding a revolutionary era in digital commerce.