Cardano founder renews call for ‘verified tweets’ after social media hack Cardano founder renews call for ‘verified tweets’ after social media hack
Hoskinson advocates for biometric authentication and public-key cryptography to enhance social media security.
2 min read
Updated: Dec. 9, 2024 at 12:54 pm UTC
Web Summit / CC BY 2.0 / Flickr. Remixed by CryptoSlate
Charles Hoskinson, the founder of the Cardano network, has renewed his call to integrate “verified tweets” on social media platform X (formerly Twitter).
This proposal was prompted after the official X account of the Cardano Foundation was hacked to promote scams and spread false information over the weekend.
Cardano Foundation hack
On Dec. 8, malicious attackers accessed the Cardano Foundation’s account and used it to announce a fictitious ADASOL token they claimed was a Cardano-inspired token built on Solana for “speed and innovation.”
While this fraudulent post was removed within an hour, the hackers followed up with another false claim. They alleged that the Foundation had received a lawsuit from the US Securities and Exchange Commission (SEC), leading to a supposed halt in all support for Cardano’s native token, ADA.
The Cardano Foundation has since deleted the malicious tweets but has not issued any official statement addressing the incident.
Hoskinson’s solution
Reacting to the breach, Hoskinson suggested that the Cardano community would actively investigate the incident. He also hinted that federal authorities might be interested in the issue.
He stated:
“Now the fun part comes for us. As Cardano is a digital nation, many of our citizens are also in law enforcement. Let the swarm of investigations begin”
Hoskinson also suggested revisiting the verified tweets feature he initially proposed in 2020. He highlighted that this feature could significantly enhance security on the platform.
Hoskinson’s idea revolves around leveraging public-key cryptography to strengthen identity verification. He emphasized that the approach would not disrupt X’s operational model but would empower users to verify their posts independently.
The concept includes requiring biometric authentication before publishing content, such as fingerprint or facial recognition.
Hoskinson pitched the concept to Jack Dorsey, the platform’s former CEO, after a significant hacking event in 2020. Back then, he offered to develop the system for a fee. He has proposed implementing it for free if Elon Musk supports the initiative.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Solana
$213.676
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Cardano Foundation
There are three organizations that are contributing to the development of Cardano.
X
X (formerly Twitter) is an American social media company based in San Francisco, California, that was founded by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched July of the same year.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.
Jack Patrick Dorsey, born on November 19, 1976, is a testament to the American dream of innovation and entrepreneurship.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.
