Giggle Academy’s account on The fact was confirmed by the platform’s founder, Changpeng Zhao (CZ), in his personal account on the same social network. The businessman asked for caution regarding any publication and assured that they were working to recover the account.
One of the first to warn about the account breach was the co-founder of the Binance exchange, Yi He. This republished a text from the hackers from the Giggle Academy account with a warning message. “If this account claims that it is issuing coins, or requests investment, it is because it was surely violated,” He wrote.
It should be noted that Giggle is a philanthropic initiative by the popular CZ to promote education among children in poor countries. The platform offers education completely free and highlights the values of quality education to improve the opportunities of children in different regions of the world. Although it combines education with games, it is a non-tokenized platform.
Since announcing this idea, CZ himself ruled out any relationship with the world of commerce or cryptocurrencies. Hence, the publication of the Giggle Academy account on investments in digital currencies aroused He’s suspicions.
Woke up to “Giggle Academy X account hacked”. 😱
Working on restoring it. Always use common sense when reading content from anywhere. 🙏
— CZ 🔶 BNB (@cz_binance) November 16, 2024
Giggle Academy account remains under hackers’ control
As of this writing, the platform account remains in the hands of scammers. In the latest publications, they issued some messages of ridicule and memes. This suggests that the quick warnings from He and others were effective and no one fell into the criminals’ trap. The CZ team asks users not to interact with the account until it has been recovered.
As already mentioned, Giggle’s mission is purely philanthropic and based on education. Consequently, it does not contemplate any type of relationship with investment, tokens and cryptocurrencies. The platform is a venture by CZ to keep busy after his forced separation from Binance for various federal crimes in the United States.
As is widely known, Zhao spent 4 months in prison after admitting responsibility for several crimes. The softness of his sentence derived from his collaboration with the authorities and a multimillion-dollar settlement. One of the elements that softened the sentence was the entrepreneur’s philanthropic inclination.
Shortly before entering prison, CZ made the official announcement of this new platform, which would expand over the years. It is important to highlight that Giggle Academy does not lack crypto elements; However, these have nothing to do with trade. Specifically, the platform integrates technologies such as Blockchain and artificial intelligence.
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