Scam Alert

Arbitrum Airdrop On March 23 Is Used As A Scam

Key Points:

Scammers have taken advantage of the long-awaited Arbitrum airdrop by the community to target people who want to earn free money.
Security companies and communities are warning uers to be careful not to lose their assets.
Nansen indicated that just 625,143 of the more than 2.3 million wallets are eligible for the airdrop.

The Arbitrum airdrop is getting really close, and the community is very excited about this news. However, scammers have also taken advantage of this opportunity to target impulsive people.

Redefine, a blockchain security startup said on March 19 that it discovered a website impersonating the legitimate airdrop website. According to screenshots, the site asks users for authorization to access their cash, which might lead to criminals depleting their accounts.

CertiK, another blockchain security company, identified a bogus Arbitrum Twitter account with the identity “@arbitrum launch,” touting a token airdrop.

Scam Sniffer, a Web3 anti-scam program, said last week that it had spotted more than 273 Arbitrum-related phishing sites since the token airdrop was announced, with the number anticipated to climb before the formal airdrop on March 23.

Even the community is warning about scams taking advantage of the long-awaited airdrop.

Similarly, Reddit user CryptoMaximalist warned on March 19 that fraudsters are attempting to exploit “users excited for free money.”

Nansen, a blockchain analytics company that collaborated with Arbitrum to design the requirements, indicated that just 625,143 of the more than 2.3 million wallets bridged on the Arbitrum One chain before February 6 are eligible for the airdrop.

Source: Nansen

According to an announcement on March 16, the leading layer-2 solution on Ethereum said that it would hold an airdrop of ARB tokens on March 23.

At the time of writing, the ARB IOU was trading for $8.3. Although the present price of the IOU token may not reflect the asset’s worth when it debuts, it does demonstrate the degree of interest in the token. Currently, a number of major exchanges have announced the listing of ARB tokens.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.