Cardano warns the crypto community against scams promoting a fake Cardano (ADA) giveaway on YouTube.
Founder of Cardano, Charles Hoskinson tweets:
Hoskinson said that a Youtube account using a keynote he previously made has been used in promoting the fake giveaway.
Recently, ADA’s price went up more than 85% in less than two weeks from $0.074 to $0.137.
Cardano is also in the process of upgrading its ecosystem to the “Shelley” upgrade.
With the upgrade Cardano will move from a centralized network to a distributed one.
Hoskinson’s tweet did make YouTube delete the video, however, Hoskinson retweeted some of the comments from the crypto community highlighting that scams are also being promoted in Youtube ads.