Vivek Ramaswamy's X account was allegedly hacked, leading to a false announcement of a partnership with the USUAL stablecoin project, which caused its governance token to surge to an all-time high of $1.61. The misinformation resulted in a significant spike in trading volume and market cap for USUAL, despite Ramaswamy being locked out of his account and clarifying the post was a scam. The incident has drawn attention to the Department of Government Efficiency (D.O.G.E.) initiative, co-led by Ramaswamy and Elon Musk, amid speculation about its potential ties to cryptocurrency.
