Here’s what happened in crypto today

Today in crypto, Litecoin’s X social media page was temporarily hacked to promote a fake token, Heritage Distilling — a Washington-based crafts spirits producer — will now accept Bitcoin as payment, and Wolf Capital’s co-founder pleaded guilty to one count of conspiracy to commit wire fraud.Litecoin X account hacked in fake token promotionLitecoin's X social media account fell victim to a hack on Jan. 11 by a scammer using the account to promote a fake Litecoin token on the Solana network.The scammer included a link to a pump.fun token and a token contract address in the posts, which have since been taken down by the Litecoin team after regaining control of the social media account."We're still investigating the issue," the team announced in an update and said the account was breached due to a compromised delegated account that has since been removed.The incident was merely the latest account breach targeting crypto projects, crypto industry professionals, and influencers on X over the last several months.US distillery adopts BTC for treasury useHeritage Distilling, a Washington-based craft spirits producer, said that it will begin accepting Bitcoin as payment and hold it as a treasury asset.On Jan. 10, the company adopted a Bitcoin (BTC) treasury policy to accept Bitcoin for products and services via its e-commerce platform. This makes Heritage the first publicly traded spirits company to integrate Bitcoin into its business model.The company’s new policy states that it is willing “to sell its products and services in return for Bitcoin as a form of payment knowing that even if the price of Bitcoin falls at any given time.” “The benefits of attracting a new set of buyers, consumers, and fans, along with the margin cushion the Company can create, coupled with the potential to see Bitcoin increase in value, more than offsets the risk of loss,” reads the new policy.Heritage Distilling’s website currently indicates that Bitcoin will be accepted for online purchases “soon.”The company’s decision to accept Bitcoin follows the formation of its Technology and Cryptocurrency Committee, chaired by Matt Swann, a former chief technology officer at Nubank. Heritage announced the appointment of Matt Swann to its Board of Directors, effective Jan. 6.Wolf Capital co-founder pleads guilty to $9.4 million Ponzi, promised 547% returnsThe co-founder and head trader of a cryptocurrency investment firm has pleaded guilty to wire fraud conspiracy charges for his role in raising over $9 million from investors with false promises of significantly high returns.Wolf Capital co-founder and head trader Travis Ford lured in around 2,800 investors to invest approximately $9.4 million between January and August 2023, as per a Jan. 10 statement published by the United States Department of Justice (DOJ).The DOJ said Ford presented himself as a “sophisticated investor” capable of generating “1-2%” daily returns, equating to an average of approximately 547% annually.The DOJ said Ford attracted investors through Wolf Capital’s website, social media, and other various online promotions. Rather than using the funds for the promised purpose, they were redirected for the personal financial gain of Ford and others involved in the scheme.The DOJ also said that Ford “admitted” that those returns were not viable to “achieve consistently.”A sentencing date has yet to be scheduled, but Ford’s guilty plea to one count of conspiracy to commit wire fraud carries a maximum penalty of five years.