Cardano has warned the general public against an ongoing scams promoting a fake Cardano [ADA] giveaway.
Within an official tweet, Cardano founder Charles Hoskinson said a Youtube account has been employing a keynote address he made to market a fake giveaway.
“It has come to my attention that a scam has been floating around using my conference keynote to market a giveaway https://youtu.be/MqeEhezvI1s, this is a scam. Please report it to YouTube. We’ll take legal action against those who are responsible.”
The price of ADA went up by over 85% in within less than a week from $0.074 USD to $0.137 USD. Cardano is additionally within the process of upgrading its ecosystem to the “Shelley” upgrade. With “Shelley,” Cardano will shift from a centralized network to a distributed one.
After tweeting out his request to followers to report the video, Youtube did delete the video but Hoskinson retweeted comments that scams were also being promoted in Youtube ads.