Thursday, December 12, 2024
HomeCoins NewsSolanaCardano founder renews name for 'verified tweets' after social media hack

Cardano founder renews name for 'verified tweets' after social media hack

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Charles Hoskinson, the founding father of the Cardano community, has renewed his name for the combination of “verified tweets” on social media platform X (previously Twitter).

The proposal was prompted after the Cardano Basis's official X account was hacked over the weekend to advertise scams and unfold false info.

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Cardano Basis Hack

On December 8, malicious attackers accessed the Cardano Basis account and used it to announce a fictitious ADASOL token, which they claimed was a Cardano-inspired token constructed on Solana for “pace and innovation.”

Whereas that fraudulent put up was eliminated inside an hour, the hackers adopted up with different false claims. They claimed that the muse acquired a lawsuit from the US Securities and Change Fee (SEC), which led to the alleged halting of all assist for Cardano's native token, ADA.

The Cardano Basis has since deleted the malicious tweets, however has not issued any official assertion on the incident.

Hoskinson's resolution

In response to the breach, Hoskinson advised that the Cardano group actively examine the incident. He additionally hinted that federal authorities is perhaps within the situation.

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He said:

“Now comes the enjoyable half for us. Since Cardano is a digital nation, a lot of our residents are additionally in regulation enforcement. Let the investigation swarm start”

Hoskinson additionally advised reviewing the verified tweets characteristic, which he initially proposed in 2020. He emphasised that the characteristic might considerably improve the safety of the platform.

Hoskinson's thought revolves round utilizing public key cryptography to strengthen id verification. He emphasised that this method won’t disrupt X's working mannequin, however will enable customers to independently confirm their contributions.

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This idea contains requiring biometric verification earlier than publishing content material, reminiscent of fingerprint or facial recognition.

Hoskinson proposed the idea to Jack Dorsey, the platform's former CEO, after a serious hacking occasion in 2020. That's when he supplied to develop the system for a charge. He proposed to roll it out without spending a dime if Elon Musk helps the initiative.

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