Cardano Founder Threatens Lawsuit Over Hacking Allegations

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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The CEO hack is an unfortunate regular recurring event in the cryptosphere. Channels featuring prerecorded messages of Vitalik Buterin asking you to send him some cryptocoins which he will double after receiving, are a favorite scam of hackers to lure easy and gullible targets.

Given the growing popularity of Cardano’s ADA coin, a popular YouTube channel held by Before They Were Famous was hacked in such a manner yesterday after which the founders put out a rather unfortunate statement.

https://twitter.com/mccruddenm/status/1370058539801120776

Via their Twitter account, which has some 20k followers, they said:

We’re not sure as to who gained unauthorized access to our channel, but apparently, the man who was ‘live streaming a prerecorded video was Charles Hoskinson, a founder of Cardano Foundation and co-founder of Ethereum.

The group was right about one thing. Charles indeed was among the group of seven professionals that helped Vitalik Buterin establish the Ethereum blockchain back in 2014.

But whether he would be hacking YouTube channels now is another matter. Earlier he also warned about these scams.

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Slander lawsuit

We in fact highly doubt that the CEO of Input Output HongKong and founder of Cardano would, with the current price of Cardano being where it is, ever need to hack a YouTube channel in order to gain some additional income, but in any case the damage was already done.

Many Cardano supporters flooded the channel and told the owners of the hacked YouTube channel that their messaging was off-putting to say the least.

Although most felt bad because of the hack, the sheer implication that Charles Hoskinson himself would have anything to do with it was far fetched.

Charles himself was not amused to say the least, and replied rather quickly to them, saying:

If you imply in any way that I was involved in hacking your channel, then I will file a slander lawsuit. I’m done being blamed for giveaway scams. I’m sorry to hear you were hacked. We are as much a victim in these events as you are. Millions of dollars of Ada has been stolen.

hello.artmagination.com / Depositphotos.com