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December 10, 2024Charles Hoskinson, the creator of the Cardano network, has reiterated his request to incorporate “authenticated tweets” on the social media platform X (previously known as Twitter).
This initiative was catalyzed after the official X account of the Cardano Foundation was compromised to promote fraud and disseminate misinformation over the weekend.
On December 8, malicious individuals gained access to the Cardano Foundation’s account and employed it to announce a fictitious ADASOL token, which they claimed was a Cardano-inspired token developed on Solana for “speed and innovation. ”
While this deceptive post was removed within an hour, the assailants followed up with another fraudulent assertion. They claimed that the Foundation had faced a lawsuit from the US Securities and Exchange Commission (SEC), resulting in an alleged suspension of all support for Cardano’s native token, ADA.
The Cardano Foundation has since eradicated the harmful tweets but has not issued any formal statement addressing the incident.
In response to the breach, Hoskinson indicated that the Cardano community would actively investigate the occurrence. He also suggested that federal authorities might take an interest in the matter.
He remarked:
“Now the engaging part begins for us. As Cardano represents a digital nation, many of our constituents are also in law enforcement. Let the wave of inquiries commence. ”
Hoskinson further proposed revisiting the authenticated tweets feature he originally suggested in 2020. He underscored that this functionality could substantially improve security on the platform.
Hoskinson’s concept centers on utilizing public-key cryptography to fortify identity verification. He stressed that the method would not disrupt X’s operational model but would enable users to independently verify their posts.
The proposal encompasses requiring biometric authentication prior to content publication, such as fingerprint or facial recognition.
Hoskinson introduced the concept to Jack Dorsey, the platform’s former CEO, following a significant hacking incident in 2020. At that time, he offered to develop the system for compensation. He has now suggested implementing it at no cost if Elon Musk endorses the initiative.
