Crypto Community Warns About Arbitrum Airdrop Scams
Scammers have made a lot of fake Arbitrum airdrops and phishing websites to steal money from people who don’t know what’s going on.
The Arbitrum community has warned users about fake airdrops that claim to be from the project’s newly launched decentralized Autonomous Organization (DAO).
After the Ethereum layer-2 scaling protocol announced the DAO last week and said that eligible community members would get 12.57% of the governance token ARB on March 23, 2023, scammers started making fake Arbitrum airdrops and phishing websites.
In the statement, the protocol said that it used a point system to decide which users could claim the airdrop and how many tokens each could get based on how well they did on the platform and what they did there.
ARB Airdrops Imitating
With hundreds of fake Arbitrum airdrops and scams out there, the project’s community and some blockchain security companies warned users who want to make free money to be careful and watchful of websites that claim to share airdrops.
In a March 19 tweet, Arbitrum News DAO said that since the Ethereum layer-2 protocol announced the airdrop distribution, there have been more than 273 phishing sites related to Arbitrum. The tweet says that the number is likely to go up before the official date of distribution on Thursday.
In a similar way, Redefine, a crypto security startup, found a fake website that looked like Arbitrum’s airdrop website. Based on the screenshots that the company shared, the phishing site asks users for permission to access their wallets. This lets the criminals empty the accounts of the victims.
CertiK, a blockchain security company, also found a fake Twitter account called @arbitrum launch that is currently advertising a token airdrop. The company then told people to stay away from the account and not do anything with the airdrop.
Free Cash
A Reddit user named CryptoMaximalist also posted a thread warning that scammers are hoping to take advantage of how complicated crypto is, and users are excited about getting free money.
The Reddit user said he found Twitter profiles that said they were “Arbitrum” and had links to fake websites that asked users to “claim the airdrop.”
CryptoMaximalist told other Redditors that they should always look at a user’s profile history and other subreddits to see if they are spamming links all over the site.
With the number of scams and fake Arbitrum likely to rise, crypto users should be careful so they don’t lose their money to scammers like they did with fake crypto airdrops that stole thousands of dollars from victims in the past.
