Recently, some bad actors, potentially scammers, have been targeting ADA coin investors using the name of “Cardano Post-Chang Hard Fork Upgrade.”
Cardano is a popular Proof-of-Stake (PoS) crypto network, known for stable crypto transactions. The project team behind Cardano focuses on practical, use-case-oriented blockchain development rather than following any trend or hype.
Chang Hardfork
In September of this year, the Cardano blockchain underwent an important upgrade called the Chang Fork. The upgrade was aimed at unlocking the most advanced governance system in the history of the cryptocurrency industry under the Cardano blockchain ecosystem.
https://t.co/lyrnGspxkE#Cardano’s Historic #Chang Hard Fork Goes Live: A New Era of #Decentralised Governance Begins
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Cardano Chang Hardfork Scam
Following the completion of the Chang Hardfork, many big ADA coin holders, the native token of the Cardano blockchain network, received emails from unknown scammers regarding the Chang Hardfork.
Reportedly, the scammers asked ADA coin holders to migrate to a new token, falsely claiming it was required to continue using the Cardano ecosystem.
The scam email sent by these scammers included a suspicious link to an unknown website, where users were prompted to begin the fake migration process. Once on the site, they were instructed to connect their wallets for a “smooth transition,” which was a thinly veiled attempt to gain unauthorised 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.
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.
Read also: Tron Network Surpasses Bitcoin and Ethereum with Record $577 Million in Q3 Revenue!
Beware of Fake Cardano Upgrade Scams: Cardano Scam Alert
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https://bitcoinik.com/beware-of-fake-cardano-upgrade-scams-cardano-scam-alert/feed/
