Home All Coins Ethereum MetaMask warns of faux token launch marketing campaign

MetaMask warns of faux token launch marketing campaign

MetaMask warns of faux token launch marketing campaign

In style crypto pockets MetaMask has warned towards the launch of a faux $MASK token, as reported by the challenge’s Twitter account at March 28.

Metamask says there is no such thing as a token launch

MetaMask stated there are widespread rumors suggesting that it’s going to carry out an official token snapshot or airdrop on March 31. The challenge stated these rumors are “not solely false however (additionally) harmful” as a result of they permit scammers and phishers to focus on crypto customers.

Dan Finlay, developer of MetaMask software program, in the meantime, says that a “group of people that do not know what they’re speaking about” is answerable for the hype surrounding the supposed airdrop. He warned that the scammers “will probably be out in drive round that day”.

The rumor seems to have originated round March 26 from a social media account by the title of “eezzy” earlier than being unfold extra broadly by the frontman of Degenscan serp1337.

These rumors cited supposed insider data suggesting that MetaMask would take a snapshot of person transactions on March 31 earlier than an airdrop in 2024. It isn’t clear that the preliminary rumor circulated with fraudulent intentions, because it solely requested no transfers to a particular deal with.

In any case, MetaMask doesn’t have a local token and has no plans to launch one anytime quickly, regardless of all hypothesis and options on the contrary.

Metamask Token Rumors Are Not New

A MetaMask token has been rumored for a while. In reality, the likelihood could have been initially spurred on by the chief of MetaMask’s guardian firm, ConsenSys.

In November 2021, ConsenSys co-founder and CEO Joseph Lubin apparently hinted at a token launch, writing on Twitter: “Wen $MASK? Keep tuned.” Later, Decrypt reported in March 2022 that Lubin had confirmed that MetaMask meant to launch a token. This assertion was later picked up by a number of main websites as proof of an upcoming launch.

The earlier assertion apparently resulted in not less than one precise rip-off. A whole bunch of customers had their funds stolen in December 2021 when attackers hijacked a decentralized change to make it appear like a WETH/MASK buying and selling pair existed.

An unrelated MetaMask rip-off involving deal with poisoning additionally occurred in January. The pockets, like many others, can be a frequent goal of phishing campaigns.


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