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Cardano Founder Set To Charge YouTube And Twitter To Court Over Crypto Scams

The founder of Cardano, Charles Hoskinson has often spoken about the dangers of Crypto scams and has used both his Twitter and Youtube accounts to repeatedly stress that his company will never give away free ADA.
The CEO of the cryptocurrency which now currently stands as the third-largest cryptocurrency in terms of market cap has made threats to delete his social media platforms and discover if both platforms are profiting from the scams that take place on their platforms.


Crypto scams have been prominent for a long time now but the volume of these crimes has skyrocketed since the mainstream media has started shining a spotlight on Bitcoin. If you were to head over to Elon Musk‘s Twitter account now you will easily find scammers below his tweets pretending to be him in the hope of luring some naive crypto holder in their web.


Most tech-savvy people who invest in crypto will never be fooled by such a scheme but it was reported the other day that some man lost over $400k in a scam where someone pretended to represent Elon Musk. This might appear ridiculous but sadly the sheer volume of scams will mean that there will be innocent victims.

Never Transfer Crypto For Rewards!

For many of you, this will be an insult to your intelligence but it is always worth reiterating that nothing ever comes for free in the world of crypto. The only genuine ones will come in the form of institutions or celebrities arranging giveaways which will result in you giving them nothing in return. 

The idea you would need to send crypto to someone to get more immediately back is a ridiculous one and if you follow common sense these problems will never happen to you.

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