Fake MetaMask Governance Token Soars 2600% and Gets Rug-Pulled

Fake MetaMask Governance Token Soars 2600% and Gets Rug-Pulled
NiceHash


The reports of a possible MetaMask governance token airdrop have actually been going widespread on Crypto Twitter for rather a long time currently. it shows up that fraudsters are taking complete benefit and have actually handled to draw a number of hundred customers in their systems.

MetaMask is one of the most prominent non-custodial purse for Ethereum and it played a significant duty in the DeFi summer season of 2020.
Ever given that Uniswap airdropped its governance symbols, numerous decentralized jobs are doing the very same.
Now, customers are guessing that MetaMask is mosting likely to do an airdrop and numerous appear to think that their photos would certainly be absorbed a couple of days – on New Year’s Eve.
As of yet, however, these are just reports and conjectures as MetaMask hasn’t formally verified anything.
This is where fraudsters enter the image. Someone has actually produced a fake MetaMask governance token with the MASK ticker and has actually placed it up for trading on Uniswap the other day.
This was promptly found by investors and over 390 customers got it as the token gotten to over $9 million in traded quantity. At the moment of this writing, the liquidity has actually been drawn.
One Twitter individual reported that as soon as around $1 countless the token was gotten, sales were secured “and they’ll likely tornado cash out the money, the same way that they tornadod the initial money to fund liquidity.”
Other customers have actually additionally reported obtaining scammed by this.

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