Cardano Addresses Recent Fake News Involving Crypto Credit Cards
Cardano decided to address some fake news that’s been circulating online these days about the project.
It involves the alleged offering of crypt credit cards, and Cardano posted the following message on Twitter:
Certain news outlets have been sharing false news regarding Cardano providing crypto credit cards. These reports are completely false. Read more: https://t.co/ZMUZaK1l4e
— Cardano Foundation (@CardanoStiftung) July 22, 2020
The community was grateful for the team’s clarification on the matter.
Cardano addresses fake news
The Cardano Foundation posted an entire note on the matter in order to address the fake news.
“It has come to the Cardano Foundation’s attention that reports are circulating on several news outlets regarding an alleged US$340 million funding round and associated cryptocurrency credit card for Cardano (ADA). These reports are categorically false,” the note begins.
They continue and reveal the outlets that presented the fake news and said that “The Cardano Foundation has contacted the original distribution source of the article, requesting its immediate removal.”
Cardano Foundation also made sure to highlight the following: “No Cardano related news will ever be distributed through media outlets unless it first appears in Cardano’s official sources, and all official communications will contain the contact details of a relevant source at the Cardano Foundation, EMURGO, or IOHK.”
We recommend that you check out the complete notes in order to learn more details about the subject.
Someone came up with another interesting finding that was worth bringing up:
There are fake videos top of @YouTube when I search for “Daedalus Cardano”
Links to a sketchy .ph website with a replay of @IOHK_Charles broadcast followed by an address to send #ADA too!
This noob trap is NOT good for adoption.
Best way to report these scams? pic.twitter.com/hUgeIME9FU
— :::Crypto🚨Memes::: (@CryptoMkg) July 22, 2020
In other news, Cardano has been making headlines due to all the right reasons lately.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.