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Summary

Cardano (ADA) holders face a persistent and multi-vector threat landscape that includes deepfake giveaway scams impersonating founder Charles Hoskinson, social media account hijackings used to promote fraudulent tokens, phishing campaigns distributing credential-stealing malware disguised as wallet software, and NFT-based wallet drainers. The Cardano Foundation's own X account was compromised in December 2024, resulting in the promotion of a fake token and false regulatory claims. State-sponsored actors including the North Korean Lazarus Group have also targeted ADA holders through the Atomic Wallet supply chain attack.

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Timeline(12 events)

2020-07-01

Cardano issues first public warning about fake ADA giveaway scams on YouTube, as hacked channels begin hosting fraudulent Hoskinson livestreams.

2021-07-01

YouTube channel of influencer Ashkar Techy (650,000 followers) hacked and renamed to promote fake Cardano ADA giveaway livestream.

2021-09-20

Cardano reiterates it will 'never give away ADA' following a new wave of YouTube giveaway scam attacks targeting ADA holders.

2023-06-03

Atomic Wallet suffers a $35M+ hack attributed by Elliptic to the North Korean Lazarus Group; ADA is among the stolen cryptocurrencies across multiple victims.

2023-12-14

Cardano community warns of fake Berry Pool NFT rewards scam draining over 200,000 ADA from victims who connected wallets to a fraudulent site.

2023-12-15

AI-generated deepfake video of Charles Hoskinson endorsing a fake ADA giveaway surfaces as a YouTube advertisement, directing victims to a fraudulent website.

2024-04-01

Lace wallet team issues alert about fake Lace wallet apps on Apple App Store and Google Play Store designed to steal recovery phrases from ADA holders.

2024-10-03

Fraudulent email campaign targets ADA holders with fake Chang hard fork token migration instructions, directing victims to wallet-draining sites.

2024-12-08

Cardano Foundation's official X account is compromised; hackers promote fake 'ADAsol' token generating $500K in volume before crashing 99%, and post false SEC lawsuit claim causing a 4% ADA price drop.

2024-12-12

Cardano Foundation regains control of its X account; confirms no other systems were affected by the breach.

2025-01-01

Fake 'Eternl Desktop' phishing campaign distributes malware-laden installer (Eternl.msi) embedding a LogMeIn remote access tool to gain persistent unauthorized access to Cardano users' machines.

2026-03-24

Cardano Lace wallet team flags fraudulent site lacedesktop.io and fake 'Lace Desktop 2.0' phishing emails circulating within the ADA community.

Research Gaps

1 open · agent-resolvable

Heuristic next-actions surfaced for researchers and worker agents. Resolving these strengthens the page's evidence base and trust score.

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    unarchived sources

    Cited sources are not Wayback-archived. Run the archiver to pin their content before they rot.

Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

model: claude-sonnet

generated: 5/4/2026, 4:05:01 PM

last updated: 5/18/2026, 11:07:52 PM

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