Cardano’s IOG warns users to avoid YouTube channel amid suspected hijack of Hoskinson video
Input Output Group (IOG), the developer behind Cardano, has urged users to avoid its YouTube channel following a suspicious livestream featuring an apparently AI-manipulated video of founder Charles Hoskinson promoting a crypto giveaway. The nearly two-hour broadcast was presented as a Project Catalyst town hall event. IOG warned users against clicking links or sending funds related to the channel’s content due to potential scam risks.
Fake Livestream Incident
On Friday, the Input Output Group's YouTube channel aired a livestream featuring a suspected AI-manipulated video of Cardano founder Charles Hoskinson. The video purported to promote a cryptocurrency giveaway, promising viewers to double their wealth. The stream was framed as a town hall meeting for Project Catalyst, a decentralized community innovation fund and grant program. The livestream lasted nearly two hours, misleading users about its authenticity.
IOG's Warnings and Advice
Input Output Group issued a warning via its official X account, urging users to avoid interacting with the YouTube channel until further notice. They cautioned against clicking on any links, sending funds, or sharing personal information in response to the content featured on the channel. Cointelegraph reached out to IOG for additional comments on the incident.
Why it matters
IOG's warning about the apparent hijacking and manipulation of its official YouTube channel highlights how scammers increasingly employ advanced technologies, including AI, to deceive the crypto community. This incident underscores the critical need for users to stay vigilant, as prominent projects and their founders become targets for fake campaigns that endanger user funds and personal information.
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