On a Sunday back in December, Charles Hoskinson decided to share a snapshot of himself and his adorable dog, Freya, on his social media platform. Little did he know that by tagging the account as FreyaHoskinson, it would later be taken advantage of.
Seizing the opportunity, the creators of the Cardano-based Freya token quickly changed the name of their account to FreyaHoskinson. This deceptive move led many to believe that Hoskinson was endorsing and recommending the cryptocurrency project to his followers.
This sudden surge of interest caused the memcoin to skyrocket by a staggering 800%. However, within a mere 15 minutes, it all came crashing down, leaving investors empty-handed and their investments in ruins. Naturally, this triggered a wave of criticism towards Hoskinson. In response, he addressed the situation with the following statement:
“I want to clarify that I have no involvement with fan projects like Freya or any other NFTs. While I appreciate the art dedicated to my dog and my life, I want to make it clear that I am not associated with these projects nor do I endorse them,” Hoskinson clarified.
It’s worth noting that Hoskinson had previously made it clear that he doesn’t have any preferences when it comes to NFT projects. In fact, a few years back, he openly criticized the hype surrounding dog memecoins like Dogecoin and collectible tokens.