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Market News

Solana Foundation distances itself from Andrew Tate Hackathon

Written By Sourabh Parihar Sourabh Parihar
Fact Checked by Vaibhav Jha Vaibhav Jha
Published January 16, 2025 6:22 PM
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The Solana Foundation has distanced itself from Andrew Tate

After controversial social media influencer Andrew Tate announced a hackathon on ‘X’ for Web3 developers bearing the logo of Solana Foundation, the organization has distanced itself from him. 

The Solana Foundation had to issue a statement after Tate uploaded a video promoting his hackathon on X platform, using the brand logo of Solana Foundation.

FYI: The Solana Foundation has nothing to do with this. Be careful, DYOR etc. https://t.co/zRAyUDaXXu

— Akshay BD (@akshaybd) January 13, 2025

Tate has recently been in the news for all the wrong reasons including making racist, sexist and derogatory comments on a wide range of topics. He also announced forming a political front- BRUV party– and to contest for Prime Minister of the United Kingdom in 2025. Tate is facing multiple criminal investigations on charges of rape, human trafficking, assault and running a criminal group in Romania.

On January 13, Andrew Tate announced the “HACKATHON G-AI” event on X, offering prizes more than $1 Million and partnerships with various top venture capital firms. In that video, Tate included the logo of the Solana Foundation at 0:05 which misleads participants and viewers that it is an official partnership. However, Solana quickly denied any partnership or association with the Hackathon.

Solana’s CMO Akshay on X has denied any connection with Andrew Tate’s Hackathon event by stating that “The Solana Foundation has nothing to do with this. Be careful, DYOR (Do Your Own Research)”. Tate used Solana without any authorization which affects the reputation and credibility of crypto firms among developers and users. This is also a reminder for crypto firms to warn their users from believing any fake promotional events promoted on the names of these firms.

To conclude, after this incident, Andrew Tate’s Hackathon is now in question and users who are interested in such events must verify the information before participating in the event and avoid any potential scam.

Also Read: Misogynist Andrew Tate wants to become uk pm to save girls

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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