Wednesday, June 19, 2024
HomeCryptocurrencyCharles Hoskinson Notifies Cardano (ADA) Community of New Scam Method: Details

Charles Hoskinson Notifies Cardano (ADA) Community of New Scam Method: Details

Charles Hoskinson, the founder of Cardano (ADA) blockchain and the Chief Executive Officer of the top engineering and blockchain company Input Output Global (IOG), has notified Cardano community members of a new defrauding tactic adopted by cybercriminals. The crypto entrepreneur equally dropped a tip on how to easily spot his impersonators.

In an early Monday tweet, Hoskinson drew the attention of his followers and ADA investors to the email-impersonation approach adopted by scammers to extort unsuspecting users of their funds. As part of the notification, the IOG CEO stressed that he will never email any ADA investor directly to demand funds or anything related to that. 

Read Also: Cardano (ADA) Price Prediction as Total Value Locked Surges Nearly 300% in 2023

“Just a reminder that I’ll never email you directly. Every day scumbag piece of shit scammers impersonate me attempting to steal money from you,” Hoskinson roared. 

The Cardano blockchain architect further shared a snapshot of an email sent to a user by a scammer using his credentials. In the email, the impersonator presented the Health and Wellness Clinic launched by the Hoskinson family in May 2023, inviting the user to look into a certain “medical chain” claimed to be the first medical multichain on the Cardano blockchain. The impersonator further implied that the seemingly fake medical multichain project is in alliance with the Hoskinson Health and Wellness Clinic. 

The scammer wrote, “As part of my vision to develop the Cardano Ecosystem in the Health care sector, we have Hoskinson Health and Wellness Clinic and also a medical blockchain initiative that piques my interest as I find it very appealing. The idea that medical transfer is not swift has caused the loss of lives, I have spoken about this in my past videos.”

“We have this project alliance as the first medical multichain on the Cardano blockchain when such projects are at their peak, you can imagine the impact they would have on the ecosystem and life in general. I don’t want to bore you with many details, although I will recommend you look into this medical chain as you keep buying more Ada in good faith.”

Hoskinson, who disapproved of such an email, noted that ADA community members should always ask for extra verification to avoid leaking crucial data to cyberpunks. He wrote, “If you think you’re talking with me, then ask the person to verify his identity with a signature from my PGP key. They can’t.” A Pretty Good Privacy (PGP) key is a public encryption key used to encrypt and sign emails, directories, and files.

Read Also: Charles Hoskinson Unveils Cardano Vision for the Summer, Says ADA Could Surpass Other Top Cryptos

It bears noting that hackers could take any form to dupe unsuspecting users including the use of phishing emails and websites. Therefore, crypto users should be alert to detect any scam approach and be wary of clicking on untrusted links. Notably, Hoskinson’s Health and Wellness Clinic which was launched on May 26 accepts payments in ADA. This increases the count of businesses supporting and accepting payments in ADA


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Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom joined the crypto and blockchain industry in late 2018. He is an all-rounded crypto journalist and content writer. At TimesTabloid, he covers the industry's latest news, developments, and other educational content. He is a graduate of Petroleum Engineering.

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