MetaMask Issues Airdrop Scam Warning

MetaMask Issues Airdrop Scam Warning

MetaMask warns users about false airdrop rumors, urging caution against scams and advising reliance on official channels for updates.

MetaMask, a leading Web3 wallet provider, recently issued a warning to its users about misleading rumors circulating on social media platforms concerning an alleged MetaMask airdrop event planned for March 31. The company took to its official Twitter account on March 28. They alerted users about the potential dangers associated with these false claims. MetaMask emphasized that such misinformation could be exploited by scammers and phishers to deceive unsuspecting users.

Some of the fake profiles promoting the airdrop even direct users to phishing sites.

In response to these misleading claims, MetaMask used its official Twitter platform. They denied any planned airdrop and urged users to be on high alert for counterfeit sites in the coming days. Hence, the company provided a screenshot from a phishing website impersonating MetaMask to showcase the potential risks.

These unfounded rumors may have originated from a fireside chat session with ConsenSys CEO and Ethereum co-founder Joe Lubin at the ETHDenver 2023 event on March 14. During this session, Lubin discussed the ongoing efforts to decentralize MetaMask and confirmed intentions to launch a token. Lubin first hinted at the possibility of a MetaMask token in a tweet on November 8, 2021, stating, “Wen $MASK? Stay tuned.”

Community Responses and MetaMask Activity Spike

Although MetaMask has refuted the claims of an immediate airdrop, many in the community remain optimistic that an airdrop could still take place at a later, unspecified date. 

DappRadar data shows a notable surge in MetaMask activity in response to the airdrop rumors. On March 27, the number of transactions involving MetaMask nearly tripled, reaching 21,460 from a baseline of approximately 8,000. There was a similar increase in activity in November 2021, following Ethereum Name Service airdrops and Lubin’s reference to a potential token.

MetaMask Activity.

MetaMask Activity. Source: DappRadar

MetaMask’s warning serves as an important reminder for users to exercise caution when encountering unverified information on social media platforms. 

Ensuring User Safety and Staying Informed

To avoid falling victim to scams, users must stay informed and seek accurate information from reliable sources. MetaMask’s official channels, such as its website and verified social media accounts, provide the most up-to-date and trustworthy information.

Users should also be aware of the common tactics employed by scammers. That includes creating fake profiles, impersonating MetaMask or its representatives, and promoting misleading offers. Hence, it is crucial to verify the authenticity of any account or website claiming to be associated with MetaMask before providing any personal information or engaging in transactions.

In summary, while there is no official confirmation of a forthcoming MetaMask airdrop, users must stay vigilant and keep themselves updated with any new announcements from the company. Moreover, by practicing caution and obtaining accurate information from reputable sources, users can protect themselves from potential scams and phishing attacks that exploit false rumors for malicious purposes.


About Dren Hima

Being exposed to the crypto industry for the last few years has given me valuable experience with market analyses (technical and fundamental) as well as blockchain technology in general. As the content editor and a market analyst of Walletor, I strive to share the latest developments of the crypto industry, while also providing a unique educational experience for all Crypto & FinTech enthusiasts.