Maker of world's largest AI chips was hit by a crypto scam — Cerebras confirms coin launched in its name is fake, X account retaken after being compromised by hackers [Updated]

Cerebras server.

Update: Cerebras has re-established control over its X account, with no suspicious activity in the past 24 hours.

Original Article:
Cerebras, the maker of the world's largest AI chips, has confirmed to Tom's Hardware that its X account was hacked as part of a fraudulent cryptocurrency launch that includes a fake crypto coin being launched under its company name.

A coin launched on June 15 under the name Cerebras, with the token $CEREBRAS, immediately raised suspicions from industry trackers, who noted that the coin could indeed be some kind of rug pull or scam.