Wed. Apr 17th, 2024

The developers of the cryptocurrency wallet metamask warned users that messages about a token airdrop scheduled for tomorrow (March 31) are fake and may contain phishing links.

“These rumors are not only false, but also dangerous. They create opportunities for scammers and phishers (attackers who use phishing links to gain access to user data). Beware of fake websites in the coming days,” the project team warned.

MetaMask is one of the most popular non-custodial (users store passwords) wallets for cryptocurrencies. It is used to store cryptocurrencies and NFTs, participate in DAOs, and work with DeFi protocols. According to ConsenSys (project developer), in January of this year, the number of active users of MetaMask exceeded 30 million.

Scam messages about the MetaMask airdrop began appearing after ConsenSys boss Joe Lubin announced in mid-March that MetaMask planned to create a decentralized autonomous organization (DAO) and confirmed plans to issue its own token. The details and timing of the cryptocurrency’s launch have yet to be announced, but scammers took advantage of this information and created fake social media accounts and sites imitating MetaMask resources. According to the analytical platform DappRadar, against the background of these rumors, activity on MetaMask has more than doubled: the number of daily transactions on March 27 reached 21.4 thousand, and on March 28 – 17.8 thousand. , while on average during March it was approximately 8 thousand.

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By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.