No, Andreessen Horowitz didn’t post that crypto scam tweet
On Wednesday, X users were taken aback when a crypto “airdrop” post appeared on Andreessen Horowitz’s verified account. The post was followed by a second tweet claiming that $5 million had already been distributed.
The account, boasting 851,000 followers, prompted immediate concern. A member of a16z’s crypto team quickly issued a warning against interacting with the post. X subsequently removed the tweet. Airdrops are commonly used by cryptocurrencies to promote themselves.
a16z informed TechCrunch and also posted on their account stating: “Earlier today, our X account was briefly compromised. During that time, the account promoted a token and other fake content — none of which originated from a16z. Apologies for any confusion caused by the clowns who temporarily took over our account.”
Andreessen Horowitz is renowned for its investments in the crypto space. Given the firm’s involvement in crypto, the incident sparked jokes and warnings, with many suggesting the link was designed to drain crypto wallets rather than add to them. The consensus: if it seems too good to be true, especially a VC firm giving away valuable assets, it’s likely a scam.
Here’s what the scam tweets looked like:
