Cardano IOG Releases Warning About A Fake Daedalus Wallet

IOG warns users about a fake Daedalus wallet making the rounds.

In a tweet on Tuesday, Input Output Global (IOG), the development group behind the Cardano network, warned users of a fraudulent Daedalus wallet making the rounds.

⚠️ SECURITY REMINDER: #Daedalus is a download-only full node wallet for Linux, Mac & Windows PCs and the official Daedalus site is https://t.co/U4ofqmr1iL

Pages such as daedaluswallet (dot) org are NOT OFFICIAL & are likely involved in fraudulent activity.

Stay safe folks 🙏

— Input Output (@InputOutputHK) October 25, 2022

Notably, Tim Harrison, the Vice President of Community and Ecosystems, reiterated the warning highlighting that the team was working to take down the fraudulent website.

“There’s a fake Daedalus wallet .org site out there – our security team is working on getting it taken down but meanwhile please beware,” Harrison wrote.

There’s a fake Daedalus wallet .org site out there – our security team is working on getting it taken down but meanwhile please beware https://t.co/rmvAwsiCPl

— Tim Harrison (@timbharrison) October 25, 2022

It is worth noting that the warning comes less than two weeks after IOG rolled out an upgrade for the wallet. Notably, IOG had warned users to download only from the prompt in the Daedalus news feed while warning new users to download only through the official site daedaluswallet.io.

It bears mentioning that Daedalus is a full-node desktop-only wallet. As such mobile wallets claiming to be Daedalus wallets are most likely fraudulent.

As highlighted above, Daedalus less than two weeks ago received an upgrade to version 5.1.0. Notably, the upgrade brought improvements to hardware wallet integration, amongst other fixes, with optional anonymous data collection to inform IOG’s decisions on new features and bug fixes.

It is worth noting that IOG’s chief Charles Hoskinson envisions a future where there are no official IOG wallets. Instead, Hoskinson hopes the network can create wallet standards to guide wallet builders in the community and create a system of wallet certification.

Security remains critical to the sustainability of the emerging crypto market as it remains plagued by scams, rug pulls, and hacks. According to Chainalysis data, DeFi hacks are set to reach new highs in 2022, as hackers have already stolen at least $3 billion.

No data indicates if users have lost their ADA using the fraudulent Daedalus wallet.

– Advertisement –