A new fraud that preys on the Cardano community with the intention of stealing cryptocurrency assets has been brought to their attention.
A phoney awards event is used by the scammer to guarantee ADA prizes, as disclosed by the Cardano Community X account.
https://x.com/Cardano/status/1735243092427489519?s=20
A Cardano user brought to light that the con artist has tricked gullible users by pretending to be a Berry Pool, Snek, or Etoro event. Cardano holders are seriously threatened by this fraud, which has already cost impacted individuals their ADA money.
ADA holders were made aware of this by the Cardano community X account, which claimed that some Berry Pool delegators had received an NFT offering more ADA incentives through a fraudulent or dishonest awards event.
Users are asked to connect their wallets in order to click a malicious link on a fraudulent website and claim further prizes.
Users of Cardano are advised to exercise caution since the related website has been exposed as fraudulent; those who signed transactions and connected wallets have lost over 200,000 ADA.
In order to protect the security of their assets, Cardano users and ADA holders are urged to always review transaction summaries before signing any transactions.
In addition, users should follow best practices for safeguarding their devices and wallets and exercise caution and awareness while engaging in any kind of online communicationn.
The Cardano Foundation has introduced advancements as the year draws to a close, which is a great development. A Cardano shop that accepts ADA payments has opened, according to a statement from the Cardano Foundation.
Identity Wallet, a mobile wallet compatible with W3C that oversees self-sovereign identities on Cardano and other blockchain networks, was also published earlier this week.
