Cardano Gold: a scam used the name of the ADA blockchain
Security

Cardano Gold: a scam used the name of the ADA blockchain

By Alfredo de Candia - 8 Nov 2019

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Cardano (ADA) had its name used by a scam ICO called “Cardano Gold Coin” and so the official team of Cardano promptly informed users.

Unfortunately, in the blockchain sector, it’s easy to run into miraculous projects that promise great profits, but which in the end turn out to be a complete scam aimed at having victims give up their cryptocurrencies in exchange for fake tokens.

Another way to attract victims is to use and/or copy famous projects and then fraud and mislead users, and that’s what happened to the detriment of Cardano.

In fact, as can be seen from the dedicated website, cardanogold.org, which was promptly taken offline, it allowed buying this shitcoin and even claimed to have important members in its team.

Moreover, it is enough to check the official profiles of the team members to find out that they have dissociated themselves from the project and warned that it is a scam, such as in the case of Arnab Naskar.

This is a clear demonstration of how criminals use all the means at their disposal to deceive the victims, since if nobody brings to light all the details or does not interact with some of the team or even with official sources, in this case, Cardano, it is difficult to find out whether it is a scam.

Unfortunately, it is hard to quantify how many have fallen into the trap, also because, as mentioned, the website is offline, and also the GitHub repository is empty, which shows how, with a simple check, it was easily possible to detect the scam.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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