A popular self-custodian wallet, MetaMask, recently dispelled rumors of a snapshot or airdrop circulating the Internet. Following this occurrence, the firm highlighted the need for maximum caution, given the continuous rise in fraudulent activities in the digital asset space.
MetaMask Warns Users Of Fake Airdrop Rumors
The perpetrators used social media to spread rumors about a MetaMask snapshot taking place on March 31. However, MetaMask has warned users to beware of such rumors, which are false and dangerous, urging users to avoid clicking the fake links or sites driving the deceptive rumors.
Notably, the rumors said that the snapshot would take into account usage of MetaMask’s services such as its Swap and Bridge features, as well as volume, to determine eligibility for an airdrop.
In its tweet, the wallet service stated that false rumors like these create a breeding ground for phishers and scammers to take advantage of users’ crypto holdings. Meanwhile, the Twitter accounts that the perpetrators used to drive the rumors of the MetaMask snapshot were identified.
Users should consider the snapshot rumors as part of a common scam tactic known as phishing. This is the fraudulent practice of tricking people into providing personal information, such as passwords or private keys, under the guise of a legitimate entity. Technically, scammers use phishing to gain unauthorized access to users’ accounts and steal their digital assets.
Users can avoid these practices by remaining vigilant. They should also desist from clicking on any suspicious links or providing their private keys or other personal information to anyone claiming to be from MetaMask.
In such a case, setting up a two-factor authentication that verifies the authenticity of any communication before taking any action is necessary to escape such exploits.
Suspected Cause Of The Deceptive Rumors
It’s still uncertain how or why the culprits came up with the idea of a MetaMask snapshot. Some believe it must have resulted from t
Go to Source to See Full Article
Author: Eli Dambell
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
