Subj : World's largest AI chip maker hit by crypto scam - Cerebras says To : All From : TechnologyDaily Date : Fri Jun 20 2025 12:30:09 World's largest AI chip maker hit by crypto scam - Cerebras says token isn't real, so don't fall for it Date: Fri, 20 Jun 2025 11:27:00 +0000 Description: $CEREBRAS is not a legitimate cryptocurrency Cerebras' X account got hacked to push a fake coin, execs confirm. FULL STORY ======================================================================Cerebras ' X account was hacked to push (fake) new $CEREBRAS coin Company execs have confirmed this was a "scam" Cerebras is working with the US military The official X account of AI chip maker Cerebras was recently hacked, with the malicious actor(s) behind the attack using the platform to share a fake cryptocurrency, the company has confirmed. The breach was used to promote a fraudulent crypto scheme involving a fake coin, named $CEREBRAS, however the news was met with scepticism even before the company regained control over its X account and confirmed the scam. Industry experts had already suspected $CEREBRAS of being a scam or a rug pull (and instance where a project gets abandoned after the company or individual responsible has raised assets from the public), and doubt was also raised when people started to notice that the fake coin had only been launched days earlier, on June 15, raising red flags among crypto observers. Cerebras fake cryptocurrency scam Responding to one request on X, CEO Andrew Feldman wrote : "No. We did not. This is a scam." Company Director James Wang also responded to speculation: "Cerebras is not launching a token. Its a scam. Do not click." Ceberas has since regained control over its X account, and no recent suspicious activity has been reported. "Please be aware: Cerebras does not, and will never, launch or endorse any cryptocurrency or token. We are working to regain control of the account. Stay alert and protect yourself from scams," the company wrote. In other news, the company recently boasted record-breaking LLM inference speeds using the Llama 4 Maverick 400B model we're talking 2,522 output tokens per second nearly 2.5x Nvidia's 1,038 output tokens per second. "Cerebras has led the charge in redefining inference performance across models like Llama, DeepSeek, and Qwen, regularly delivering over 2,500 TPS/user," Feldman wrote. Cerebras also won a joint $45 million US government contract with Canadian chip startup Ranovus to speed up inter-chip connections. You might also like Here's the best identity theft protection software Mystery of M&S hack deepens as TCS claims none of its systems were compromised The best authenticator apps and the best password generators can help secure your account ====================================================================== Link to news story: https://www.techradar.com/pro/security/worlds-largest-ai-chip-maker-hit-by-cry pto-scam-cerebras-says-token-isnt-real-so-dont-fall-for-it --- Mystic BBS v1.12 A47 (Linux/64) * Origin: tqwNet Technology News (1337:1/100) .