Cardano Issues New Scam Warning: Fake Clip Of Charles Hoskinson On YouTube

Cardano has always been waning users about online scams and all kinds of fake giveaways. Now, the team behind the project made sure to release another such warning for YouTube users.

New Cardano scam is lurking on YouTube

Check out the latest post that the Cardano Foundation dropped on their Twitter account:

In their official blog post, the Cardano team began by saying: “As some of you may be aware, there has been a notable increase 8 in the number of unofficial giveaways that promise financial return in the form of crypto assets for the deposit of ADA to a given wallet address. Instead, the unsuspecting user loses the entirety of their original deposit and receives nothing in return.”

The team continues and reveals that such fake schemes are an unfortunate consequence of the fact that Cardano sees increasing popularity in the crypto community.

“The perpetrators of these schemes use various methods to defraud victims, including impersonating influential figures in the Cardano ecosystem, claiming to be Cardano partners 8, hijacking YouTube accounts with many thousands of followers, and posing as the official social media accounts of Cardano, the Cardano Foundation, EMURGO, or IOHK—or employees thereof,” Cardano notes.

We recommend that you head over to the official blog post in order to learn the complete details.

Cardano marks a new achievement

In other recent news, we just revealed the other day that Cardano marked a new achievement.

Cardano is positioned on the 1st place in an important top, as you will see  in the tweet below:

Stay tuned for more Cardano-related news.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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