Giggle Academy Faces Cyber Attack
Giggle Academy, an innovative educational platform founded by Binance’s creator, Changpeng ‘CZ’ Zhao, is currently grappling with a significant cyber attack. The platform’s official X account has been compromised, leading to the dissemination of misleading information. CZ has taken to social media to alert his followers about the fraudulent messages being circulated by the hackers. The phishing links shared during this incident have raised serious security alarms among the platform’s user base. As the account remains under threat, both CZ and his dedicated team are working tirelessly to resolve the issue and secure the account. Users are strongly advised to exercise caution regarding any communications originating from the hacked account.
Binance Founder Issues Warning
In a statement released on November 16, CZ confirmed that the official X account of Giggle Academy had fallen victim to a cyber breach. The attackers propagated false claims, including the announcement of a “new CEO” for the platform, and urged users to click on phishing links to supposedly verify the news. As of now, the account has not been restored. CZ and the Binance team are diligently working to reclaim control of the account. He has urged his followers to remain vigilant about suspicious content and links until the account is fully secured.
Giggle Academy was initiated by CZ with a noble mission: to provide free education from grades 1 to 12. The platform seeks to make learning not only accessible but also enjoyable through gamification techniques. Its primary focus is to make a significant impact in countries where literacy rates are alarmingly low. This ambitious project operates without a revenue model and aims to innovate and transform global education.
CZ’s Vision for Education
Changpeng Zhao, widely recognized as the founder of Binance and the former CEO of the world’s largest cryptocurrency exchange, has shifted his focus following his departure from Binance due to legal challenges. His new venture, Giggle Academy, aspires to deliver an engaging and accessible educational experience, particularly for students in underprivileged regions. By integrating artificial intelligence (AI) and blockchain technology into the educational framework, the initiative strives to revolutionize the learning experience.
With Giggle Academy, CZ envisions a transformative approach to global education that empowers students, especially in areas with low literacy rates. The goal is to provide personalized, transparent, and accessible learning experiences utilizing AI and blockchain technology, thereby introducing groundbreaking innovations to children’s education. CZ has emphasized the importance of exercising common sense when evaluating information related to the hacking incident involving Giggle Academy’s X account, stating: “Always use common sense when you read content.”
The crypto community has rallied around CZ, expressing their support as he navigates this challenging situation. Notably, before the hacking occurred, CZ shared a screen recording showcasing the Giggle Academy app, which aims to offer free lessons in English, math, and blockchain concepts to children starting as young as four years old. Last week, he referenced a tweet from a year ago, reiterating the essential value of cryptocurrency, which he described as “a better form of money that supports billions.” Following Bitcoin’s remarkable surge to a historic high of $93,434, CZ encouraged his followers to “be on the right side of history.”
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