dYdX Foundation Warning No Any Airdrops Related To dYdX v4 Testnet

Key Points:

• The dYdX Foundation warns users that it has not released any news regarding any airdrops or token incentives related to the dYdX v4 public test network.
• The warning was issued after fake airdrops appeared.
• Recently there have been many scam links about airdrops and token incentives launched with many sophisticated tricks. Users need to be vigilant.

The dYdX Foundation tweeted that dYdX has not released any news regarding token airdrops or offers related to the dYdX v4 public test network, beware of scams.

Today, the dYdX Foundation officially warned users about fraudulent airdrop links. Specifically, dYdX has not released any news regarding any airdrops or token incentives related to the dYdX v4 public test network.

That’s why users need to be careful and consider any non-platform announcements related to the dYdX v4 public test network as well as potential scams.

Not only dXdY, on July 21st, but the Twitter account of defi protocol founder Uniswap was also hacked to post fraudulent airdrop and token distribution links. Fortunately, control of the account was restored a few hours later, the tweets with the phishing link were removed without any damage.

One approach that has been growing in popularity recently is called “Airdrop scams”. This trick involves creating a malicious scam token to send to user accounts. Rely on users investigating what this token is to scam them.

Scammers take advantage of the popularity of major platforms and the community’s excitement to seize assets. The problem occurs when users access block explorers or wallets and detect strange tokens. Wallets or block explorers even display the price of the tokens. It is worth noting here that these tokens work, unlike other tokens when a user Swap (converts) will get errors and direct the user to a phishing site for support.

Scammers have impersonated famous crypto accounts on Twitter to lure users to malicious websites. In 2020, several major Twitter accounts, including Jeff Bezos, Elon Musk, Joe Biden, Barack Obama, and Bill Gates, were targeted by hackers in a crypto-related scam.

According to a report from cybersecurity company Kaspersky, these attacks have increased by 40% compared to the previous year. And it looks like in 2023. The situation shows no signs of slowing down.

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