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Cryptocurrency News Articles
Cardano (ADA) Coin Holders Targeted by Chang Hard Fork Upgrade Scam
Oct 03, 2024 at 11:46 pm
Recently, some bad actors, potentially scammers, have been targeting ADA coin investors using the name of “Cardano Post-Chang Hard Fork Upgrade.”
Cardano (ADA) holders have been targeted by potential scammers using the name of “Cardano Post-Chang Hard Fork Upgrade.”
Cardano is a well-known Proof-of-Stake (PoS) crypto network, and its project team is focused on practical, use-case-oriented blockchain development.
This year in September, the Cardano blockchain underwent a major upgrade known as the Chang Fork, which aimed to unlock the most advanced governance system in the cryptocurrency industry within the Cardano blockchain ecosystem.
Following the Chang Hardfork, large ADA coin holders received emails from unknown scammers regarding the Chang Hardfork. These scammers reportedly asked ADA coin holders to migrate to a new token, falsely claiming it was necessary to continue using the Cardano ecosystem.
The scam email included a suspicious link to an unknown website, where users were prompted to begin the fake migration process. They were instructed to connect their wallets for a “smooth transition,” which was an attempt to gain unauthorized access to their funds.
To pressure the target, scammers introduced a sense of urgency, warning that the token migration window was open for only 30 days, after which unmigrated ADA would no longer be supported.
Scam Alert. Got this via email. If you get this do not click, do not go to the website. ADA does not need a migration. spread the word. pic.twitter.com/R3NUTcfaEm
Another Crypto X account, belonging to the token distribution platform DripDropz, confirmed to the community that there were no changes to the ADA token and strictly advised people not to interact with the fraudulent email.
🚨Big Alert
DripDropz staff just received this email.
It is a scam.
This is 1000% illegitimate.
Do not interact with this email.
#Cardano is NOT changing ANYTHING about $ADA. pic.twitter.com/tkD0QMo5Qa
Also Read: Tron Network Surpasses Bitcoin and Ethereum with Record $577 Million in Q3 Revenue!
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