Cardano network’s Charles Hoskinson warns traders against AI token scams ahead of Apple developer conference
- Charles Hoskinson warned the crypto community against scams among artificial intelligence-based tokens.
- Apple is gearing up for its 2023 Worldwide Developer Conference scheduled for June 5, which may act as a catalyst for crypto AI tokens.
- Hoskinson cautioned traders against giveaway scams that target Cardano users using AI technology.
Charles Hoskinson, the founder of Ethereum-alternative Cardano (ADA), has warned the crypto trading community against scams. With market participants watching the upcoming Apple 2023 Worldwide Developer Conference (WWDC) lined up for Monday, there is a rally in artificial intelligence-based (AI) tokens.
Also read: Cardano price turns bullish as ADA blockchain activity surpasses Ethereum development
Charles Hoskinson shares screenshots of latest scam targeting Cardano users
Hoskinson addressed the Cardano community in a recent tweet and YouTube video, sharing evidence of a medical blockchain scam. The scammers impersonated Hoskinson in an email, which the Cardano co-founder shared with the community. Hoskinson warned traders against giveaway scams and impersonation.
Just a reminder that I'll never email you directly. Every day scumbag piece of shit scammers impersonate me attempting to steal money from you. If you think you're talking with me, then ask the person to verify his identity with a signature from my PGP key. They can't pic.twitter.com/Qmpm06J8R8
— Charles Hoskinson (@IOHK_Charles) June 5, 2023
With Apple’s Worldwide Developers Conference scheduled for Monday, Hoskinson reminded market participants that AI technology is likely equipping scammers for impersonation. Falling victim to a giveaway scam could make traders lose their funds and or access to their accounts.
In his latest YouTube video, Hoskinson shed light on the future of crypto scams that involve the use of AI technology.
Apple’s upcoming conference has acted as a bullish catalyst for AI-based tokens as the community awaits the launch of AI-inspired products by the technology giant. Experts are awaiting the launch of Apple’s most ambitious new hardware product in years – a rumored headset.
Render (RNDR), Ocean Protocol (OCEAN) and Artificial Liquid Intelligence (ALI) rank among the cryptocurrencies that rallied ahead of Apple’s WWDC.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
