Charles Hoskinson Twitter

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Charles Hoskinson teases the Cardano community with more talk of birds, this time in a tweet featuring an image of an exotic bird pictured next to John Hancock. The text accompanying it read: “ For some reason, I have this strong desire to tweet these two pictures. Cardano (ADA) CEO, Charles Hoskinson, now has a verified Twitter account. However, the account verification came only after his multiple threats to leave the platform. Hoskinson has been trying to get verified on Twitter for years. He even informed the Cardano community that he is considering leaving Twitter permanently. Charles Hoskinson is one of the biggest crypto entrepreneurs in the world. He founded Cardano, IOHK, and Ethereum. The former Ethereum CEO is also working to connect with Twitter CEO Jack. Cardano’s founder Charles Hoskinson is the latest to address the growing threat of fake cryptocurrency giveaways. He blamed social media platforms like Twitter and YouTube for inaction, threatened to delete his accounts, and said his company will investigate if these giant firms are actually benefiting from the ongoing scams. According to Charles Hoskinson, Cardano is superior to its biggest competitor Ethereum 2.0 in all respects. The biggest problem of Ethereum 2.0 is the lack of on-chain governance. It is an open secret within the crypto community that Charles Hoskinson, former co-founder of Ethereum and its creator Vitalik Buterin are not the best of friends.

• Cardano creator Charles Hoskinson could leave Twitter and other social media platforms if scams continue to be not thwarted by the platforms.
• IOG and Hoskinson are investigating the possibility of a lawsuit or class action lawsuit to hold Twitter and other social media platforms accountable for scams.

Charles Hoskinson, the CEO of IOG, has talked about scams and “blue checkmarks” in a new video. As the creator of Cardano (ADA) explained, “giveaway scams” emerged 4 to 5 years ago and have since then become a serious issue for the entire crypto scene. Scammers impersonate Hoskinson, Vitalik Buterin, Elon Musk, Adam Back or another well-known figures from the crypto space on social media platforms, such as YouTube or Twitter.

The scammers ask users to send crypto to a foreign address and promise them that they will receive a larger amount back. However, this transaction fails to materialize, while the gullible lose their funds. A lot of responsibility falls on the major social media platforms when, for example, a “fake Elon Musk” can get a blue checkmark, or a fake Daedalus wallet makes it to the Google Play Store. On Instagram, there is currently a Charles Hoskinson account with 12,000 followers.

Ultimately, the Twitter hack and subsequent giveaway scam involving the accounts of Joe Biden, Bill Gates, Barack Obama and others “on a national scale” showed that Twitter undeniably knew about the issue without taking action. Since Twitter, like other platforms, is doing nothing, the responsibility may lie with him, Hoskinson said. Via Twitter, he wrote to his 256,000 followers:

If there is no path to verification, then I’m considering leaving Twitter. It seems to be the only way to resolve the impersonation issues. I’m disappointed with @Twitterthey just don’t seem to care about fraud, scams, and impersonation.

In addition, Hoskinson could also withdraw from all other social media platforms to expose scam:

Ada Cardano Twitter

Maybe the solution for me is to simply leave all social media to begin with. And then we can broadcast through our official accounts that every single Charles Hoskinson Facebook page, Instagram page, Twitter feed, YouTube channel is simply fake. Maybe that’s the solution that we’re forced to do – self de-platforming.

Is the Cardano inventor taking legal action like Ripple did before?

In the new video, Hoskinson also revealed that IOG is on the search for a new employee with a law enforcement background, a former FBI agent or a former law enforcement officer, who will be responsible only for detecting and preventing fraud on social media.

On the other hand, IOG is currently internally evaluating whether it makes sense to bring a lawsuit or class action against the social media platforms as a company or an entire industry. As Hoskinson elicited, Ripple and Steve Wozniak have had “huge success” with this.

If we can determine that these companies are profiting from scam through ad revenue, directly or indirectly – there’s definitely a torque there. And perhaps after a class action lawsuit, perhaps after an enormous negative press, they will take this issue seriously because I am tired of getting emails every single day from victims.

httpss://twitter.com/IOHK_Charles/status/1371957185576497153

Cardano’s founder Charles Hoskinson is the latest to address the growing threat of fake cryptocurrency giveaways. He blamed social media platforms like Twitter and YouTube for inaction, threatened to delete his accounts, and said his company will investigate if these giant firms are actually benefiting from the ongoing scams.

The Growing Threat of Crypto Giveaway Scams

Giveaway scams have skyrocketed in popularity in the past several years. Their method of operation is quite simple but, unfortunately, effective. Bad actors impersonate a popular individual or a company on social media, ask the followers/viewers to send any amount of a particular cryptocurrency to their address, and promise to double it.

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Although such conditions sound too good to be true, people have continuously fallen victim. Cardano’s Charles Hoskinson addressed the giveaway scams in a recent video by highlighting the dangers they present for victims and the impersonated company/individual.

He said that people who have been harmed by fraudsters had contacted him and IOHK repeatedly to ask for an explanation and reimbursement. In some extreme cases, victims have sent him pictures of his pets, house, or parents and threatened to hurt them if Hoskinson doesn’t compensate for their losses.

He feels that some social media giants can verify his account with the so-called “blue checkmarks,” which should enhance his legitimacy while making the fake profiles less trustworthy. However, they have refused to do so, while verifying some accounts of less known individuals.

Legal Action or Leaving Twitter?

Hoskinson blamed those platforms for their inaction. He said that IOHK will hire a former FBI agent or lawyer whose sole purpose would be to fight such scams involving Cardano and its native cryptocurrency – ADA.

Additionally, he promised that his team will conduct an investigation, which could result in a lawsuit if they determine that companies like Twitter and YouTube are somehow financially benefiting from transmitting the scams.

Although he admitted that Ripple and Steve Wozniak had little-to-no success with their lawsuits against YouTube, he hoped that another class-action case will urge those companies to “take this issue seriously because I am tired of getting emails every single day from victims.”

However, if the potential lawsuit fails too, Hoskinson is prepared to leave some of the social media platforms, including Jack Dorsey’s Twitter:

“Maybe the solution for me is to simply leave all social media, to begin with. And then we can broadcast through our official accounts that every single Charles Hoskinson Facebook page, Instagram page, Twitter feed, YouTube channel is simply fake. Maybe that’s the solution that we are forced to do – self de-platforming.”

Charles Hoskinson Twitter Page

Charles Hoskinson Twitter Post

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Charles Hoskinson Twitter Post

Source: https://cryptopotato.com/cardanos-charles-hoskinson-threatens-youtube-and-twitter-with-lawsuits-over-crypto-scams/