{"id":536475,"date":"2023-06-05T18:00:31","date_gmt":"2023-06-05T18:00:31","guid":{"rendered":"https:\/\/www.wncen.com\/?p=536475"},"modified":"2024-06-11T14:37:17","modified_gmt":"2024-06-11T14:37:17","slug":"cardano-founder-urges-ada-investors-to-beware-of-new-scams","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/cardano\/cardano-founder-urges-ada-investors-to-beware-of-new-scams\/","title":{"rendered":"Cardano Founder Urges ADA Investors to Beware of New Scams"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The founder of the Cardano blockchain, Charles Hoskinson, <\/span><a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/21603840?\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">took<\/span><\/a><span style=\"font-weight: 400\"> to Twitter to inform investors of a new scam scheme that has suddenly emerged focusing solely on ADA holders. <\/span><span style=\"font-weight: 400\">According to Hoskinson, the scammers impersonate him to send messages to members of the ADA community.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bedrock-upgrade-optimism-game-changer\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bedrock Upgrade: How Optimism Game-Changer Could Impact OP Price<\/a><\/div>\n<p><span style=\"font-weight: 400\">In the post, the Cardano founder reiterated that he would &#8220;never email ADA holders directly.&#8221; <\/span><span style=\"font-weight: 400\">He also disclosed that scammers have been trying different tactics to impersonate him and defraud ADA investors of their funds.<\/span><\/p>\n<h2>Scammers Target ADA Community Members<\/h2>\n<p><span style=\"font-weight: 400\">Hoskinson discovered the ongoing scam tactic through an unknown ADA enthusiast who contacted him about the malicious scheme. <\/span><span style=\"font-weight: 400\">The ADA user reported that while impersonating him, the scammers sent emails concerning a newly launched project, the &#8220;Hoskinson Health and Wellness Clinic.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The scammers wrote that the launch of the medical facility is part of Hoskinson\u2019s vision to build a &#8220;strong&#8221; ecosystem for Cardano.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">They also noted that the medical center, based in Wyoming, will include ADA as a payment option. <\/span><span style=\"font-weight: 400\">The scammers\u2019 emails mentioned that lives are easily lost when people fail to disclose their medical details on time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, they stated that easy availability and accessibility of medical information through innovative technology like Cardano would help to save more lives promptly.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/all\/xrp-climbs-12\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">XRP Climbs 12% As Crypto Celebrates 11-Year Milestone<\/a><\/div>\n<p><span style=\"font-weight: 400\">Further, the malicious email stated that the newly launched medical facility is the first medical multichain on the Cardano network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It mentioned that the impact of such a project on the blockchain ecosystem and in life could scale quite high once this kind of project reaches its peak.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Finally, the email persuaded ADA investors to research the medical chain project more while increasing their investment holdings in ADA.<\/span><\/p>\n<h2>Hoskinson Offers Some Tips To Identify Scammers<\/h2>\n<p><span style=\"font-weight: 400\">While notifying the investors about the ongoing scam, Hoskinson laid out some tips on identifying scammers. Hoskinson noted that the tips would help to fish out those impersonating the Cardano founder.<\/span><\/p>\n<p>The founder advises members of the ADA community to verify the identity of senders of suspicious emails by requesting them to do so.<\/p>\n<p>To ensure security, the verification process should involve obtaining Hoskinson&#8217;s Pretty Good Privacy (PGP) key signature. Hoskinson has confirmed that scammers cannot replicate this signature. PGP keys are public encryption keys designed for the specific purposes of encrypting or signing emails, files, and directories.<\/p>\n<p><span style=\"font-weight: 400\">When you create a PGP key, the system generates a public and private key pair, enabling you to receive an encrypted message and open it.\u00a0<\/span><span style=\"font-weight: 400\">But you can send the public key to the sender and use your private key to decrypt the message when it comes.\u00a0<\/span><span style=\"font-weight: 400\">In that case, someone impersonating you cannot produce your public key, as Hoskinson pointed out.<\/span><\/p>\n<figure id=\"attachment_536483\" aria-describedby=\"caption-attachment-536483\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-536483 size-large\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/06\/ADAUSDT_2023-06-05_20-55-32.png?resize=860%2C471\" alt=\"Cardano Founder Urges ADA Investors to Beware of New Scams\" width=\"860\" height=\"471\"><figcaption id=\"caption-attachment-536483\" class=\"wp-caption-text\">ADA is down on the chart l <a href=\"https:\/\/www.tradingview.com\/x\/4bgNoj8X\/\" target=\"_blank\" rel=\"noopener nofollow\">ADAUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Meanwhile, ADA is trading at around $0.3748 when writing, indicating a drop of 1.78% over the past 24 hours. Data from <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\"> shows that its market cap is about $ 13.07 billion.<\/span><\/p>\n<p>Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The founder of the Cardano blockchain, Charles Hoskinson, took to Twitter to inform investors of a new scam scheme that has suddenly emerged focusing solely on ADA holders. According to Hoskinson, the scammers impersonate him to send messages to members of the ADA community. Related Reading: Bedrock Upgrade: How Optimism Game-Changer Could Impact OP Price In the post, the Cardano founder reiterated that he would &#8220;never email ADA holders directly.&#8221; He also disclosed that scammers have been trying different tactics to impersonate him and defraud ADA investors of their funds. Scammers Target ADA Community Members Hoskinson discovered the ongoing scam tactic through an unknown ADA enthusiast who contacted him about the malicious scheme. The ADA user reported that while impersonating him, the scammers sent emails concerning a newly launched project, the &#8220;Hoskinson Health and Wellness Clinic.&#8221;\u00a0 The scammers wrote that the launch of the medical facility is part of Hoskinson\u2019s vision to build a &#8220;strong&#8221; ecosystem for Cardano.\u00a0 They also noted that the medical center, based in Wyoming, will include ADA as a payment option. The scammers\u2019 emails mentioned that lives are easily lost when people fail to disclose their medical details on time.\u00a0 So, they stated that easy availability and accessibility of medical information through innovative technology like Cardano would help to save more lives promptly. Related Reading: XRP Climbs 12% As Crypto Celebrates 11-Year Milestone Further, the malicious email stated that the newly launched medical facility is the first medical multichain on the Cardano network. It mentioned that the impact of such a project on the blockchain ecosystem and in life could scale quite high once this kind of project reaches its peak. Finally, the email persuaded ADA investors to research the medical chain project more while increasing their investment holdings in ADA. Hoskinson Offers Some Tips To Identify Scammers While notifying the investors about the ongoing scam, Hoskinson laid out some tips on identifying scammers. Hoskinson noted that the tips would help to fish out those impersonating the Cardano founder. The founder advises members of the ADA community to verify the identity of senders of suspicious emails by requesting them to do so. To ensure security, the verification process should involve obtaining Hoskinson&#8217;s Pretty Good Privacy (PGP) key signature. Hoskinson has confirmed that scammers cannot replicate this signature. PGP keys are public encryption keys designed for the specific purposes of encrypting or signing emails, files, and directories. When you create a PGP key, the system generates a public and private key pair, enabling you to receive an encrypted message and open it.\u00a0But you can send the public key to the sender and use your private key to decrypt the message when it comes.\u00a0In that case, someone impersonating you cannot produce your public key, as Hoskinson pointed out. Meanwhile, ADA is trading at around $0.3748 when writing, indicating a drop of 1.78% over the past 24 hours. Data from CoinMarketCap shows that its market cap is about $ 13.07 billion. Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":584,"featured_media":516574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[79508,12332,15237,88374],"class_list":["post-536475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-adausdt","tag-cardano","tag-cardano-charles-hoskinson","tag-pretty-good-privacy-pgp"],"acf":[],"yoast_head":"\n<title>Cardano Founder Urges ADA Investors to Beware of New Scams<\/title>\n<meta name=\"description\" content=\"Charles Hoskinson, took to Twitter to inform investors of a new scam scheme that has suddenly emerged focusing solely on Cardano ADA holders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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