Charles Hoskinson has spoken out against recent fraud allegations, highlighting the increasingly serious issue in the cryptocurrency sector.
The founder of Cardano believes that many scams arise because users are careless, leading to financial loss but blaming large organizations in the industry.
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Charles Hoskinson condemns scams and irresponsibility in the cryptocurrency community.
Thousands of phishing emails targeting the Cardano community for nearly a decade.
The message warns investors to be cautious of unusual profit invitations.
What was the initial accusation email?
Charles Hoskinson immediately dismissed the accusation from a social media user, stating that this is just a victim deceived due to personal carelessness. The incident began from an email by Robin Engraf accusing a company impersonator of embezzling deposits.
Engraf provides monthly chat logs along with bank statements, promising to bring the case to U.S. authorities. However, Hoskinson responded bluntly, emphasizing that Engraf is the one being scammed and wrongly blaming the company.
How has Charles Hoskinson fought against scams?
With nearly 10 years of experience in the industry, Hoskinson says he frequently receives thousands of emails and messages alleging impersonation aimed at deceiving the Cardano community. Most are scam scenarios promising huge profits, leading investors to send money to bad actors and then blame the developers.
He emphasizes: “Many people get caught up in get-rich-quick schemes and then look for someone else to blame.” This is a warning about personal responsibility in investing.
“Every year, our community has to deal with tens of thousands of phishing emails. This is not just a technology issue, but also a matter of financial education and investor awareness.”
Charles Hoskinson, Founder of Cardano, 2024
Why is public shaming an effective deterrent?
Hoskinson argues that the reason scams continue is that many people believe in 'free money' and unrealistic profits. He questions whether the accusers will admit their mistakes and apologize, as baseless accusations harm personal and company reputations.
The CEO believes that public condemnation is the only way to deter misleading rumors and scammers.
What is the important warning for cryptocurrency investors?
The message from Hoskinson is very clear: If an investment promises unusual returns, it is highly likely to be a scam. Investors need to be cautious and conduct thorough research before participating.
The Director of Cardano emphasizes that raising awareness and caution is vital to avoid losing money in the perilous cryptocurrency market.
“Always remember, there is no sustainable get-rich-quick scheme. Caution and knowledge are the keys to protecting assets in the cryptocurrency world.”
Charles Hoskinson, Speaking at the Blockchain Conference, Hanoi, 2023
Frequently Asked Questions
Why is Charles Hoskinson accused of fraud? He is just a victim being blamed by scammed users, with no connection to any fraudulent behavior. How can investors avoid cryptocurrency scams? Always check information thoroughly, do not believe in unrealistic profit promises, and research the project developers carefully. How has Charles Hoskinson dealt with scams? He regularly warns the community and reports impersonation cases to protect users. Why are allegations often targeted at project leaders? Because their names and reputations make them easy targets that attract attention and create psychological pressure for victims. What is Hoskinson's most important message to investors? Do not trust excessively high returns; knowledge and responsibility are needed when investing in cryptocurrency.
Source: https://tintucbitcoin.com/khong-do-loi-khi-sai-lam-dau-tu/
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