Andreessen Horowitz Did Not Tweet That Crypto Scam

On Wednesday, users of X were surprised for a few anxious moments when they saw a crypto “airdrop” tweet from the verified account of Andreessen Horowitz. A subsequent tweet announced that $5 million had already been disbursed.

The account has a following of 851,000. A member of a16z’s crypto department noticed the tweet and quickly warned against interaction. X swiftly deleted the post. Typically, airdrops are utilized as promotional instruments for cryptocurrencies.

In a statement to TechCrunch, a16z explained: “Earlier today, our X account was briefly compromised. During that time, the account promoted a token along with other false content — none of which was produced by a16z. We apologize for any confusion caused by those who temporarily managed our account.”

a16z is well-known for its investments in the crypto sector. Given their passion for cryptocurrencies, both humorous comments and cautionary tweets circulated: the link was more likely to deplete a crypto wallet than to replenish it. Therefore, if it appears too good to be true — like a venture capital firm doling out considerable assets — it’s likely false.

Here’s an example of the scam tweets: