Another controversy has surrounded the Cardano founder claiming that Charles Hoskinson, had sued Pulsechain over a memecoin using the same $ADA ticker symbol as Cardano. Hoskinson quickly denied these allegations, calling them a “complete lie.”
Allegations on Charles Hoskinson
The false claim alleged that Pulsechain’s version of $ADA was gaining popularity, potentially outpacing the original Cardano (ADA). According to the post, considering this a threat, Hoskinson decided to take a legal action to stop its use. However, Hoskinson dismissed the claim outright. He stated that he had no connection with the Pulsechain community and accused them of launching a pump-and-dump (P&D) scheme by exploiting his name and likeness.
Cardano Founder, Charles Hoskinson also expressed his frustration over the ongoing defamation and harassment from Pulsechain supporters. Hoskinson warned that anyone considering investing in the Pulsechain ecosystem should “use this as a data point for how they act.”
Growing Concern Over Crypto Scams
The controversy surrounding Pulsechain has sparked concerns about the prevalence of scams in cryptocurrency space. Experts warn that investors should be cautious of projects that promise unusually high returns or use misleading marketing tactics. In fact, similar cases of cryptocurrency scams have resulted in significant financial losses for investors. Investors should thoroughly research projects, verify claims, and be wary of unsolicited investment opportunities. As regulatory bodies continue to crackdown on fraudulent activities, it remains to be seen how the Pulsechain controversy will unfold and what implications it may have for the broader cryptocurrency market.
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Source: https://www.cryptonewsz.com/charles-hoskinson-deny-lawsuit-pulsechain/