As the long-awaited Chang Update approaches, the Cardano community has received an important warning: beware of ADA gift scams.
The Chang Update is the culmination of years of work by the #Cardano ecosystem and an important step towards the minimum viable on-chain governance described in CIP-1694.
As the stake pool upgrades its nodes to support the new protocol, Cardano will move into the Voltaire era, creating a self-sufficient #blockchain and paving the way forward for the industry.
This significant update has generated widespread interest in the crypto community. However, this increased interest increases the risk of fraud by malicious actors looking to capitalize on the enthusiasm of the crypto community.
The Cardano Foundation scammed me? Pete elaborates on Charles Hoskinson's fake video promoting the #ADA gift scam and points out that all such videos are scams and should not be scammed.
These gift scams typically promise free ADA in exchange for a small initial transfer, and are often promoted through social media channels, phishing emails, or fraudulent websites that mimic legitimate Cardano platforms. After the initial transfer of money, the scammer disappears, leaving the victim with nothing.
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