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03/29/2024

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Cardano CEO Slams Forbes “Crypto Zombie” Tag

Cardano Founder Charles Hoskinson and XRP attorney Bill Morgan responded to a Forbes article that dubbed 20 blockchains “crypto zombies.” Hoskinson voiced his reaction, while Morgan defended Ripple amidst the...

Cardano CEO Slams Forbes “Crypto Zombie” Tag

Cryptomode Cardano CEO Slams Forbes "Crypto Zombie" Tag

Cardano Founder Charles Hoskinson and XRP attorney Bill Morgan responded to a Forbes article that dubbed 20 blockchains “crypto zombies.”

Hoskinson voiced his reaction, while Morgan defended Ripple amidst the controversy. The article’s characterization of crypto founders as “lunatics” has drawn criticism from the Web3 community, highlighting ongoing debates within the cryptocurrency ecosystem.

Cardano’s CEO Responds to Forbes Trending Article 

In response to a recent Forbes article branding 20 blockchains as “crypto zombies,” prominent figures within the crypto space have come forward to defend their projects and challenge the accusations. Cardano Founder Charles Hoskinson and XRP attorney Bill Morgan are among those who have voiced their objections to the article’s characterization.

Hoskinson — known for his role in developing ADA — took to Twitter to humorously dismiss the label of Crypto Zombies assigned by Forbes. He staunchly defended Cardano and other implicated projects against the allegations.

Hey guys @tezos @Algorand @bitcoincashorg @Ripple_XRP1 @StellarOrg @BobSummerwill we are all Crypto Zombies according to Forbes.

I guess it's because we got all the 🧠! pic.twitter.com/nwKbf7R4Pb

— Charles Hoskinson (@IOHK_Charles) March 27, 2024

Similarly, XRP attorney Bill Morgan stepped up to defend Ripple, emphasizing the platform’s continued utility despite ongoing regulatory challenges.

Criticism of the Forbes article extended beyond individual project defenders. Panos Mekras, Co-founder of Anodos Finance, criticized Forbes for spreading misinformation and lacking thorough research in their coverage. The article’s scrutiny of prominent blockchains like Ripple and Cardano raised questions about their utility and long-term viability.

Furthermore, the article concluded with a warning about the challenges faced by these projects, but its controversial labeling of crypto founders as “lunatics” sparked backlash from the Web3 community.

Cardano Chart
ADA Price Chart | Source: CoinMarketCap

Meanwhile, ADA current price is $0.65, showing a 1.99% increase in the last 24 hours. Its trading volume is $850.96M.

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