Charles Hoskinson, the founder of the Cardano network, has renewed his call to integrate “verified tweets” on social media platform X (formerly Twitter).

This proposal was prompted after the official X account of the Cardano Foundation was hacked to promote scams and spread false information over the weekend.

Cardano Foundation hack

On Dec. 8, malicious attackers accessed the Cardano Foundation’s account and used it to announce a fictitious ADASOL token they claimed was a Cardano-inspired token built on Solana for “speed and innovation.”

While this fraudulent post was removed within an hour, the hackers followed up with another false claim. They alleged that the Foundation had received a lawsuit from the US Securities and Exchange Commission (SEC), leading to a supposed halt in all support for Cardano’s native token, ADA.

The Cardano Foundation has since deleted the malicious tweets but has not issued any official statement addressing the incident.

Hoskinson’s solution

Reacting to the breach, Hoskinson suggested that the Cardano community would actively investigate the incident. He also hinted that federal authorities might be interested in the issue.

He stated:

“Now the fun part comes for us. As Cardano is a digital nation, many of our citizens are also in law enforcement. Let the swarm of investigations begin”

Hoskinson also suggested revisiting the verified tweets feature he initially proposed in 2020. He highlighted that this feature could significantly enhance security on the platform.

Hoskinson’s idea revolves around leveraging public-key cryptography to strengthen identity verification. He emphasized that the approach would not disrupt X’s operational model but would empower users to verify their posts independently.

The concept includes requiring biometric authentication before publishing content, such as fingerprint or facial recognition.

Hoskinson pitched the concept to Jack Dorsey, the platform’s former CEO, after a significant hacking event in 2020. Back then, he offered to develop the system for a fee. He has proposed implementing it for free if Elon Musk supports the initiative.

Mentioned in this article

As shared on its official Twitter handle, Floki Inu’s market cap has been verified by the world’s largest crypto asset tracking website, CoinMarketCap. Presently, Floki Inu ranks the 275th largest crypto asset in the world. Floki Inu had requested a ”reverification” of its market capitalization after CoinMarketCap verified it initially in January.

#FLOKI‘s market cap has been verified by CoinMarketCap!

We’re currently ranked by CMC as the 277th biggest crypto project in the world.

With our rank now verified, it’s time to say hi to the boys $DOGE and $SHIB!

In time for #FlokiFi Locker mainnet launch, too! pic.twitter.com/BYzyAV3WWw

— FLOKI (@RealFlokiInu) September 9, 2022

At the time, the meme cryptocurrency clamored for a change in the FLOKI Max supply on CoinMarketCap (CMC). Floki Inu claimed that the burning of over 10 trillion tokens was not reflected in its maximum supply.

Now, with this new verification, Floki Inu says, “It’s time to say hi to the boys, DOGE and SHIB,” as this aids its ranking among the top meme cryptocurrencies. Presently, the market capitalization of Floki Inu stands at $88,793,908.

Following the positive news, Floki’s price is trading up 8.78% at $0.0000098 at the time of writing.

Community push for Robinhood listing

The stock brokerage app Robinhood is being urged by a recent Change.org petition to list the Floki Inu (FLOKI) cryptocurrency. A total of 1,745 people have voted in favor of the petition thus far. The Floki Inu team has borrowed a strategy from the Shiba Inu team in putting up such a petition. After going viral last year, Shiba Inu’s petition ended up being a huge success, gathering more than 500,000 signatures.

Early in April, Robinhood introduced support for the Shiba Inu coin after delaying for a month. The second largest meme cryptocurrency was included on the list with Compound, Polygon and Solana. It remains uncertain if the Floki Inu campaign will garner enough traction for Robinhood to take such a listing into account.