Luca Netz, CEO of the popular NFT project Pudgy Penguins, had his Instagram account hacked to promote a token scam called $IGLOO. The breach hasn’t been officially addressed by the Pudgy Penguins team, and while no financial impacts have been reported yet, it raises concerns about cybersecurity in the Web3 space. Despite the breach, there’s no confirmation of any asset movement or financial repercussions from either the CEO or project sources. 🛡️ 💻 💸 The incident has triggered uncertainty within the Pudgy Penguins community and raised questions about broader market implications for $IGLOO. No official statement has been released from Netz on this issue. 🎙️ While the community awaits a detailed response, experts are evaluating potential regulatory consequences. This underscores the urgent need for greater transparency and compliance in digital currencies as we see more breaches like these.