QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
UNKNOWN
JUNE 2025
GLOBAL
ABSTRACT CHAIN
DESCRIPTION OF EVENTS
Abstract is a builder-centric Layer 2 (L2) blockchain platform designed for the next wave of consumer crypto applications. It offers powerful tools and infrastructure to help developers create, deploy, and scale Web3 apps—from decentralized exchanges and games to social platforms and AI-powered tools. The platform emphasizes ease of use and speed, featuring a developer portal, comprehensive documentation, wallet integration, and a bridging solution for moving assets across chains.
The Abstract Portal serves both users and developers as a central hub for discovering applications and communities. Users can explore a growing ecosystem of spotlighted apps, such as Laser Party, Moonsheep Cannon, OpenSea, and absETH. For builders, the Portal is a launchpad to reach millions of users and to participate in the larger Web3 movement. The platform promotes onchain discovery and helps developers tap into consumer-ready crypto experiences across finance, gaming, social, and creator economies.
Abstract also hosts a Builder Incubator and publishes educational resources to guide new entrants through the world of blockchain and consumer crypto. Backed by EVG, the project is built for scale and open access, focusing on empowering both creators and communities. Whether you're building the next play-to-earn game, launching an AI-powered trading tool, or rethinking social networking, Abstract provides the foundation to bring those ideas to life.
Hackers were able to obtain access to the Abstract Chain official Twitter/X account.
Despite Abstract Chain having their own blockchain, they reportedly used this access to launch a fake token on the Solana blockchain. This was explained based on a "collaboration" which was supposedly happening between the Abstract Chain and the Solana blockchain.
Contract Address: CA: CkeTHBdp3Ebufgk8siSUJjWcaT4kzZ5ptDtgywmGviN9
The amount of losses are unknown.
It does not appear that very many users were convinced by this fake token, since there was limited explanation offered for why the Abstract Chain wouldn't have launched a token on their own blockchain.
Abstract Chain was able to recover their Twitter/X account. It is unclear how many users were affected.
There does not appear to be any recovery underway.
It is unclear if any investigation is underway into the hacker/perpetrator of the attack.
Hackers gained control of Abstract Chain’s official Twitter/X account and used it to promote a fake token on the Solana blockchain, falsely claiming a collaboration between Abstract Chain and Solana. Although Abstract Chain has its own blockchain, this caused confusion, but few users appeared to fall for the scam due to the lack of clear explanation. Abstract Chain eventually regained control of their Twitter account, but the extent of losses, user impact, and whether any investigation or recovery efforts are underway remains unknown.
Abstract Chain's official X account was suspected to be hacked by hackers to promote fraudulent tokens - PANewsLab (Jul 21)
Ares Sprout - "BREAKING Abstract main account just got hacked. They’re launching the “official” token on... Solana. This has to be the dumbest hack I’ve ever seen. They could’ve at least launched it on the native abstract chain so it looks real." - Twitter/X (Jul 21)
Abstract Chain Token - Solscan (Jul 21)
First Mint Transaction - Solscan (Jul 21)
Abstract Chain Homepage (Jul 21)
What games are coming to Igloo’s Abstract Chain? - BlockchainGamer.biz (Jul 21)
Introducing Abstract: The Highly Anticipated Consumer Blockchain to Bring Crypto to the Masses - PRNewsWire (Jul 21)
What Is Abstract? A Guide to the "Consumer Crypto" Ethereum L2 - Magic Eden (Jul 21)
Abstract Chain - "We now return to our regularly scheduled programming." - Twitter/X (Jul 21)
Abstract Chain - "We’re so back" - Twitter/X (Jul 21)
