Popular crypto wallet MetaMask has warned of a fake launch of $MASK tokens, as reported by the project’s Twitter account at 28th of March.
Metamask says there is no token launch
MetaMask said widespread rumors suggest it will conduct an official token snapshot or airdrop on March 31. The project said these rumors are “not just false, but [also] dangerous” as they allow scammers and phishers to target crypto users.
MetaMask software developer Dan Finlay, meanwhile, said that a “bunch of people who don’t know what they’re talking about” are responsible for the hype surrounding the alleged airdrop. He warned that scammers will “probably be in effect around that day.”
The rumor appears to have originated from a social media account named “eezzy” around March 26 before being more widely spread by the leader of Degenscan serp1337.
Those rumors cited alleged insider information to suggest that MetaMask would take snapshots of user transactions on March 31 ahead of an airdrop in 2024. It is not clear that the initial rumor was spread with fraudulent intent, as no transfer to a specific address was requested.
In any case, MetaMask has no native token and has no immediate plans to launch one, despite all speculation and suggestions to the contrary.
Metamask token rumors are not new
A MetaMask token has been rumored for a while now. In fact, the possibility may have originally been spurred by the leader of MetaMask’s parent company, ConsenSys.
In November 2021, Joseph Lubin, co-founder and CEO of ConsenSys, seemingly hinted at a token launch by writing on Twitter: “Wen $MASK? Keep watching.” Decrypt later reported in March 2022 that Lubin confirmed that MetaMask was planning to launch a token. That statement was then picked up by several major sites as evidence of an imminent launch.
The earlier statement appeared to have led to at least one actual scam. Hundreds of users had their money stolen in December 2021 when attackers hijacked a decentralized exchange to make it look like a WETH/MASK trading pair existed.
An unrelated MetaMask address poisoning scam also occurred in January. The wallet, like many others, is also a common target for phishing campaigns.
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