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Home » Crypto News » Beware: Fake Cardano (ADA) Wallet Marketed on Discord

Beware: Fake Cardano (ADA) Wallet Marketed on Discord

Author: Jordan Lyanchev

Last Updated Aug 13, 2021 @ 12:54

Cardano (ADA) investors should beware of a fake wallet that aims to mimic the official one – Daedalus.

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A Reddit user has outlined a fake website trying to copy and even promise more features than the verified Cardano (ADA) wallet – Daedalus. However, the copycat has a slightly different URL address.

  • The user, going by the Reddit handle Tjaaark, posted on August 13th that a “fake Daedalus website is being marketed on Discord.” He advised users to be wary as the copycat had some notable differences from the verified one.
  • For instance, the one marketed on Discord has an URL address ending with “.one.” In contrast, the original version ends with “.io.”
  • Named after an architect and craftsman from Greek mythology, Daedalus serves as a “secure wallet for the ADA cryptocurrency.”
  • The fake one, marketed as an update to the verified version, comes with an identical website mirroring the official one perfectly.
  • However, it also promises more features, including the ability to convert digital assets into fiat currencies, enhanced speeds, and more robust performance.
Fake Daedalus Wallet Marketed on Discord. Source: Reddit
Fake Daedalus Wallet Marketed on Discord. Source: Reddit
  • Cardano and its native cryptocurrency have been among the most popular projects in the digital asset space in the past year or so. The founder, Charles Hoskinson, vowed to provide more specifics about the long-anticipated smart contract launch today, on August 13th.
  • Perhaps due to the hype, ADA has surged by 50% in the last seven days. It’s up by 15% on a 24-hour scale and earlier broke above $2 for the first time since mid-May.
  • This growing popularity, though, seems to have caught the attention of bad actors. Consequently, investors have to be especially wary about where they store their ADA tokens.
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Tags: Cardano Cardano (ADA) Price Crypto Scams
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About The Author

Jordan Lyanchev
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Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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