Charles Hoskinson Raises Alarm Over Impersonation Scam Targeting ADA Investors

Charles Hoskinson, the founder of Cardano, notified ADA investors about a new scam tactic that specifically targets members of the ADA community.

Hoskinson disclosed that scammers have been impersonating him and sending deceptive messages to unsuspecting individuals. The revelation came to light when an ADA enthusiast contacted Hoskinson, notifying him about scammers attempting to impersonate the Cardano founder through emails promoting the recently launched “Hoskinson Health and Wellness Clinic.” Based in Wyoming, the medical facility has been designed to accept ADA payments, linking it to Cardano’s ecosystem.

The fraudulent emails circulated by the scammers aimed to convince recipients that the medical center manifested Hoskinson’s vision to enhance the Cardano ecosystem. Hoskinson shared an incident of someone impersonating him, saying:

I received an email from tonight from somebody who was emailed by a person impersonating me. It was a well-written email and the person was attempting to offer basically a placement in a new medical chain, which of course I’m not building.

Hoskinson shared an effective countermeasure to assist ADA enthusiasts in identifying the disguised scammers.  He advised individuals to request the sender of such suspicious emails to provide a signature from his PGP (Pretty Good Privacy) key to verify.

In response to this alarming discovery, Charles Hoskinson promptly took to Twitter to reassure the ADA community that he would never directly email them:

Before this recent impersonation scam, Hoskinson had previously cautioned ADA enthusiasts about the dangers of falling victim to giveaway scams and fake crypto-related applications on Google PlayStore.

As the cryptocurrency ecosystem grows, investors must remain vigilant and exercise caution to protect themselves from scams. Under Charles Hoskinson’s guidance, the Cardano community remains committed to safeguarding its members and promoting a secure investment environment.