According to U.Today, as the highly anticipated Chang upgrade nears, the Cardano community has been cautioned to be vigilant against ADA giveaway scams. The Chang upgrade represents a significant milestone for the Cardano ecosystem, marking the transition to the Voltaire Era and the establishment of a self-sustaining blockchain as outlined in CIP-1694. This upgrade has generated considerable interest within the crypto community, but it has also attracted scammers looking to exploit the excitement surrounding the event.

A Cardano community member, Pete, who uses the X handle @astroboysoup, has highlighted the alarming trend of fake ADA giveaways. Pete emphasized the importance of spreading awareness across social media platforms, stating, 'Well, looks like with the hard fork coming, the scammers are coming out in force and people are falling for it again. Please push this far and wide across all socials. There are no ADA giveaways.' He also flagged a deep fake video featuring Charles Hoskinson, the founder of Cardano, promoting a fraudulent ADA giveaway, warning that 'these videos are all scams. Don’t fall for it.'

These scams typically promise free ADA in exchange for a small initial transfer and are often promoted through social media, phishing emails, or fraudulent websites that mimic legitimate Cardano platforms. Once the initial transfer is made, the scammers disappear, leaving the victims with nothing. The Cardano community is urged to remember that there are no official ADA giveaways. Any claims or promotions suggesting otherwise should be treated with extreme caution. These scams frequently offer free ADA in return for sending cryptocurrencies to a specified address, resulting in the loss of funds for those who fall victim to these schemes.