CandleFocus Cardano Community Issued Urgent Scam Alert, Here's What Happened
2024-10-14
Author: Content Editor
The Cardano ecosystem has issued a scam alert after the official handle of the Cardano stablecoin USDM was hacked. This is the second time the account has been compromised, and scammers have used it to promote fake rewards, putting users at risk of financial losses. The Cardano community has warned users not to click on any links shared by the compromised account. Meanwhile, preparations for the Chang #2 hard fork are ongoing, and other developments in the Cardano ecosystem include the debut of Town Hall 178 in Cardano's Project Catalyst and the creation of new benchmarks and upgrades. Additionally, a blockchain bill of rights is being drafted to outline the rights of users and contributors in blockchain systems.
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