QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
UNKNOWN
JUNE 2025
GLOBAL
A16Z
DESCRIPTION OF EVENTS
Andreessen Horowitz, commonly known as A16Z, is a prominent venture capital firm based in Silicon Valley, founded in 2009 by Marc Andreessen and Ben Horowitz. The firm quickly rose to prominence due to its focus on technology startups, particularly in software, internet, and emerging tech sectors such as blockchain, artificial intelligence, and biotechnology. A16Z distinguishes itself by providing extensive operational support to its portfolio companies, including talent acquisition, marketing, and regulatory affairs, helping startups scale efficiently beyond just funding.
A16Z manages multiple funds, raising billions of dollars over the years and investing in high-profile companies like Facebook, Airbnb, Lyft, and Coinbase. The firm's investment strategy combines early-stage bets with growth-stage investments, often backing disruptive technologies and innovative business models. A16Z’s influence extends beyond capital as the firm actively engages in shaping industry trends, publishing research, and hosting conferences to foster innovation and knowledge sharing within the tech community.
The firm's reputation is also built on its founders' strong backgrounds: Marc Andreessen co-authored the Mosaic browser and co-founded Netscape, while Ben Horowitz is a veteran entrepreneur and author on management and startup culture. This leadership gives A16Z a strategic edge in identifying promising ventures and supporting entrepreneurs with deep operational expertise. A16Z continues to be a key player in venture capital, driving the evolution of the tech ecosystem globally.
After compromising the A16Z Twitter/X account, hackers posted a token launch for a new A16Z token on the Solana blockchain. Numerous users appear to have purchased the new tokens.
Contract Address: 2Cf9vXunYYyGeCuCEMAxzMNxsoMPRn9YnCyRMjqXpump
The total losses are unknown.
There were several users who purchased the token, while others warned about the potential fraud.
The A16Z account was able to be recovered a few hours later. There is no indication that any assistance will be provided to affected users.
There does not appear to be any recovery available for affected users. Many users were criticized for falling for the fraud in the comments.
There doesn't appear to be any investigation into the cause or effects of the hack.
Andreessen Horowitz (A16Z), a leading Silicon Valley venture capital firm founded in 2009, is known for investing in innovative tech sectors like AI, blockchain, and biotech, while offering deep operational support to startups. Hackers briefly took over the official Twitter/X account of venture capital firm Andreessen Horowitz (A16Z), using it to promote a fake token launch on the Solana blockchain. Unsuspecting users bought into the fraudulent "A16Z token" using the posted contract address, though the total amount lost remains unclear. While some users quickly flagged the scam, others fell victim before the account was recovered hours later. No public efforts have been made by A16Z to compensate victims or investigate the breach, and affected users have received little support or guidance following the incident.
A16Z - "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." - Twitter/X (Jul 21)
Mohammad Moahid - "I lost a good amount from my wallet today guys. From a company such as yours, this is a huge blow to public trust and you can see the ledger here of me getting rugged by the link your account posted" - Twitter/X (Jul 21)
Fake A16Z Token On Solscan (Jul 21)
First Mint Of Fake A16Z Token - Solscan (Jul 21)
A16Z Homepage (Jul 21)
A16Z Twitter/X Account (Jul 21)
A16Z YouTube Channel (Jul 21)
About A16Z (Jul 21)
How Andreessen Horowitz Built Its VC Empire - Forbes (Jul 21)
A16Z Crypto Fund Raises 2.2B To Double Down On Web3 (Jul 21)
