Cardano Flags Suspicious Investment Claims of Individuals Posing as BTCNEXT Employees

“We strongly urge you not to send your ADA to any third-party entities which claim to have partnerships with Cardano or officials from the entities within the Cardano ecosystem. We will never ask you to send your funds (assets) to us.” 

The crypto foundation went on to reiterate that they took scams and fraudulent information seriously and that this was a huge violation to the crypto community. This is not the first time that Cardano Foundation has come forward to regulate crypto scams. Since their official cryptocurrency’s success on the crypto market, various scammers have capitalized on Cardano's success and used the foundation's name to gain trust from their victims to carry out fraudulent schemes.  

CEO of Cardano Foundation Charles Hoskinson has addressed this matter publicly and expressed his disgust: 

“You work five years on something, you put your heart and soul into it, you just have a giant event that 10,000 people attend. Then you see floating around Telegram, Twitter, some video — some scammers in China using my face, our company’s logo, the Cardano Foundation’s logo who have absolutely no affiliation with us.”