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MetaMask warns of pretend token launch marketing campaign


CoinDesk Consensus

In style crypto pockets MetaMask has warned of a pretend $MASK token launch, as reported by the venture’s Twitter account on March 28.

Metamask says there isn’t any token launch

MetaMask mentioned that widespread rumors counsel that it’s going to perform an official token snapshot or airdrop on March 31. The venture mentioned these rumors are “not solely false however [also] harmful” as they permit scammers and phishers to focus on crypto customers.

MetaMask software program developer Dan Finlay, in the meantime, mentioned that a “bunch of people that don’t know what they’re speaking about” are accountable for the hype across the supposed airdrop. He warned that scammers “will most likely be out in power round that day.”

The rumor appears to have originated round March 26 from a social media account by the identify of “eezzy” earlier than it was extra broadly circulated by Degenscan chief serp1337.

These rumors cited supposed insider data to counsel that MetaMask would snapshot person transactions on March 31 previous to a 2024 airdrop. It’s not clear that the preliminary rumor was circulated with fraudulent intentions, because it didn’t request transfers to a particular tackle.

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

Metamask token rumors aren’t new

A MetaMask token has been rumored for a while. In truth, the likelihood might have been initially spurred by the chief of MetaMask’s mum or dad firm, ConsenSys.

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

The sooner assertion seemingly resulted in at the very least one precise rip-off. Tons of of customers noticed their funds stolen in December 2021 when attackers hijacked a decentralized trade to make it seem {that a} WETH/MASK buying and selling pair existed.

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



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