New Cryto Scam Caught & Suspended on Social Media – Founder Warns Users

Tabassum Altcoin News January 26, 2019
Scam alert

New Cryto Scam Caught & Suspended on Social Media – Founder Warns Users

Looks like the eleventh largest cryptocurrency, Cardano is now been targeted by scammers. Weiss rating and co-founder of Cardano cryptocurrency or ADA warned users against the scam coin similar to name Cardano. In fact, it is named as ‘Cardano Classic’.

ADA Scam Detected – Beware

Accordingly, Charles Hokinson released a caution notice on social media. Addressing to so-called Cardano Classic as a scam, Charles says that;

They have no relationship to our project and if you give them money you will likely lose it.

Beside the co-founder, Weiss Ratings also cautioned users against the scam coin. However, there seems no relation between Cardano and Cardano Classic but the name of the coin sounds more like stealing Cardano’s authority for a marketing stunt.

At present, Cardano (ADA) is the eleventh largest cryptocurrency, stands just a step back from Bitcoin SV which is on tenth spot. According to the data from coinmarketcap, ADA holds the average marketcap of $1,120,359,390 with a positive mark of 1.65 percent over the past 24 hrs.

As per the reports, Cardano Classic team intends to create an ‘open-source online royalty payment model’. Beside resource claims its team members profiles as a fake profiles, the scam project has also been suspended on Twitter.

Stay tuned with Coingape to be updated with latest updates on crypto industry.

Summary
Scam Alert – Crypto Founder and Weiss Rating Report Warns Users
Article Name
Scam Alert – Crypto Founder and Weiss Rating Report Warns Users
Description
Seems that the eleventh largest cryptocurrency, Cardano is now been targeted by scammers. Weiss rating and co-founder of Cardano cryptocurrency or ADA warned users against the scam coin similar to Cardano. It is named as ‘Cardano Classic’.
Author
Publisher Name
Coingape
Publisher Logo
Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy. While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Author: Tabassum

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

Post your comment...

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

Follow Tabassum @