Cardano’s new privacy token Midnight being used by impersonators to drain wallets
Tim Harrison, a member of the Cardano development team, has revealed A new scam case related to a new project called Midnight.
Using fake Twitter accounts made to look like well-known Cardano influencers, attackers are luring inattentive followers to the fake Midnight project website and offering to exchange ADA for DUST, the new project’s native token. Of course, their wallets are further emptied.
The Midnight Project is currently in development and has not yet launched; Other than that there is no token yet, says Harrison. The Cardano wallet Eternl account also warned its followers about the emerging scam, but provided a link to a different site that pointed to a wide variety of fraudulent sites from the attackers.
This is not the first such example of fraud that has been circulating on Twitter lately, and more specifically on its crypto branch. Recently, such attempts to hijack other people’s funds have become more frequent and more sophisticated.
Cardano’s Midnight (Dust)
Cardano founder Charles Hoskinson announced a new privacy-linked project last November. The project called Midnight is to be powered by zero knowledge (zk) security technology and is one of the sidechains of Cardano.
As part of the launch, an anonymous DUST token, a kind of counterpart to Zcash (ZEC) or Monero (XRM), will be issued. With the latter, as reported by U.Today, a disagreement arose at the end of November, which was later resolved.
