Metamask warns of fake token launch campaign

Popular crypto wallet Metamask has warned of a fake $MASK token launch, arsenic reported by the project’s Twitter relationship connected March 28.

Metamask says determination is nary token launch

Metamask said that wide rumors suggest that it volition transportation retired an authoritative token snapshot oregon airdrop connected March 31. The task said that these rumors are “not lone mendacious but [also] dangerous” arsenic they let scammers and phishers to people crypto users.

Metamask bundle developer Dan Finlay, meanwhile, said that a “bunch of radical who don’t cognize what they’re talking about” are liable for the hype astir the expected airdrop. He warned that scammers “will astir apt beryllium retired successful unit astir that day.”

The rumor seems to person originated astir March 26 from a societal media relationship by the sanction of “eezzy” earlier it was much wide circulated by Degenscan person serp1337.

Those rumors cited expected insider accusation to suggest that Metamask would snapshot idiosyncratic transactions connected March 31 anterior to a 2024 airdrop. It is not wide that the archetypal rumor was circulated with fraudulent intentions, arsenic it did not petition transfers to a circumstantial address.

In immoderate case, Metamask does not person a autochthonal token and has nary contiguous plans to motorboat one, contempt each speculation and suggestions to the contrary.

Metamask token rumors aren’t new

A Metamask token has been rumored for immoderate time. In fact, the anticipation whitethorn person been primitively spurred by the person of Metamask’s genitor company, ConsenSys.

In November 2021, ConsenSys co-founder and CEO Joseph Lubin seemingly hinted astatine a token motorboat by penning connected Twitter: “Wen $MASK? Stay tuned.” Later, Decrypt reported successful March 2022 that Lubin confirmed that Metamask intended to motorboat a token. That connection was subsequently picked up by respective large sites arsenic grounds for an upcoming launch.

The earlier connection seemingly resulted successful astatine slightest 1 existent scam. Hundreds of users saw their funds stolen successful December 2021 erstwhile attackers hijacked a decentralized speech to marque it look that a WETH/MASK trading brace existed.

An unrelated Metamask scam involving address poisoning besides occurred successful January. The wallet, similar galore others, is besides a predominant people for phishing campaigns.

The station Metamask warns of fake token motorboat campaign appeared archetypal connected CryptoSlate.