Cardano Community founder Charles Hoskinson has renewed his name for social media platform X (previously Twitter) to combine “verified tweets.”

The proposal comes after the Cardano Basis's official X account was hacked over the weekend to facilitate fraud and unfold false data.

Hacking the Cardano Basis

On December eighth, a malicious actor gained entry to the Cardano Basis account and used it to say that it was a Cardano-inspired token constructed on Solana for “pace and innovation.” We’ve got introduced a hypothetical ADASOL token that claims:

The fraudulent submit was eliminated inside an hour, however the hacker continued with different false claims. They claimed that the inspiration obtained a lawsuit from the US Securities and Change Fee (SEC), which led to the suspension of all assist for Cardano's native token, ADA.

The Cardano Basis has since deleted the malicious tweet, however has not issued an official assertion concerning the incident.

Hoskinson's answer

In response to this breach, Hoskinson indicated that the Cardano group will actively examine the incident. He additionally recommended that federal authorities could also be within the difficulty.

He stated:

“Now comes the enjoyable half for us. Since Cardano is a digital nation, lots of our residents additionally work in regulation enforcement. Let’s begin the mass investigation.”

Hoskinson additionally recommended reconsidering the Verified Tweets function he first proposed in 2020. He emphasised that this function may considerably improve safety on the platform.

Hoskinson's concepts revolve round utilizing public key cryptography to strengthen identification verification. He emphasised that this method doesn’t disrupt X's working mannequin, however relatively permits customers to independently confirm their posts.

The idea consists of requiring biometric authentication, similar to fingerprints or facial recognition, earlier than publishing content material.

Hoskinson pitched the idea to the platform's former CEO Jack Dorsey after a significant hack in 2020. On the time, he supplied to develop the system for a charge. He’s providing to implement it free of charge if Elon Musk helps the initiative.

talked about on this article