Con Artists in the crypto community have always used means to get their ways into a fraudulently acquired fortune, which has led to many losing their hard-earned funds.
Some of these perpetrators come in the form of a legitimate firm or organization in the industry to defraud their followers and investors. This may not go away soon, but crypto community members have to be highly security conscious, so as not to fall victim of their coordinated fraud.
Beware! Neither Cardano Foundation nor IOHK Does ADA Giveaway
The Foundation took to Twitter a few minutes ago to warn its community members of a link created by unknown persons, to make them believe what is totally false.
According to the Scam Alert, Cardano-event[.]info is specifically created to defraud innocent users of their funds, stating that both Cardano Foundation and IOHK run no giveaway program.
The Foundation tweeted, “SCAM ALERT! There is currently a link being distributed which is not from Cardano Foundation and is false: “cardano-event[.]info” Neither Cardano Foundation nor IOHK are giving out free ada. Please help us spread the news & help prevent fraud.”
SCAM ALERT! There is currently a link being distributed which is not from Cardano Foundation and is false: "cardano-event[.]info"
Neither Cardano Foundation nor IOHK are giving out free ada.
Please help us spread the news & help prevent fraud.
— Cardano Foundation (@CardanoStiftung) September 14, 2020
Crypto Investment Scam Activities Revealed By Cardano Foundation in the Past
There were instances in the past where the Foundation warned its community members of likely scam activities such as the recent warning shared.
Sometimes in July 2020, the Foundation warned its users to distance themselves from someone claiming to be contracted by the Caribbean cryptocurrency exchange BTCNEXT and admitted to being familiar with the Cardano core members.
Back then Cardano Foundation warned users as follows:
“Neither the Cardano Foundation nor any of its ecosystem partners are in any way associated with BTCNEXT, and they are also not our partners of any sort.”
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