• MetaMask recently dispelled rumors of a snapshot or airdrop circulating the Internet.
• The perpetrators used social media to spread false rumors about a MetaMask snapshot taking place on March 31.
• Users should remain vigilant and avoid clicking on any suspicious links or providing their private keys or other personal information to anyone claiming to be from MetaMask.
MetaMask Dispells Fake Airdrop Rumors
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.
Deceptive Rumors Spread Through Social Media
The perpetrators used social media to spread false rumors about a MetaMask snapshot taking place on March 31. However, MetaMask has warned users to beware of such rumors, which are dangerous and should be avoided at all costs. 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.
MetaMask Warns Of Phishing Tactics
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 these deceptive rumors have been identified. Users should consider these fake reports as part of a common scam tactic known as phishing. This is when fraudsters trick people into providing personal information under the guise of being from legitimate entities seeking access to users’ accounts in order to steal their digital assets.
Remain Vigilant To Avoid Being Scammed
Users can avoid such practices by remaining vigilant and desisting from clicking on any suspicious links or providing their private keys or other personal information to anyone claiming to be from MetaMask. In such cases setting up two-factor authentication that verifies authenticity before taking any action is necessary in order escape such exploits successfully..
Suspected Cause Of Deceptive Rumors Unclear
It’s still uncertain how or why culprits came up with idea of meta mask snap shot , some believe it must have resulted from March 14 ETHDenver 2023 Fireside Chat with Ethereum co-founder & ConsenSys CEO Joe Lubin .