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

For some tense minutes on Wednesday, X customers have been stunned to see a type of crypto “airdrop” posts on Andreessen Horowitz’s blue check-marked account. A second tweet mentioned 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 interact. X rapidly took down the submit. 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 faux content material — none of which originated from a16z. Apologies for any confusion brought on by the clowns who briefly took over our account.”

Andreessen Horowitz 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 seemingly drain a crypto pockets, not add to it. So, if it sounds too good to be true — like a VC making a gift of useful belongings — it isn’t true.

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