• The Arbitrum community has warned users about fake airdrops impersonating the project’s newly launched decentralized Autonomous Organization (DAO).
• Scammers have created hundreds of fake Arbitrum airdrops and phishing websites to steal funds from unsuspecting users.
• Crypto security startup Redefine discovered a fake website claiming to dole out ARB tokens for free.
Scam Alert: Fake Arbitrum Airdrops
The Arbitrum community has warned users about different fake airdrops pretending to be from the project’s newly launched decentralized Autonomous Organization (DAO). Scammers started creating fake Arbitrum airdrops and phishing websites after the Ethereum layer-2 scaling protocol announced the DAO, promising to distribute 12.57% of the governance token ARB to eligible community members on March 23, 2023.
Fake Airdrop Websites
With hundreds of fake Arbitrum airdrops and scams going around, the project’s community and some blockchain security companies cautioned users who want to make free money to be vigilant and careful of such fraudulent websites claiming to share airdrops. In a Twitter post on March 19, Arbitrum News DAO said it identified over 273 phishing sites related to Arbitrum since the Ethereum layer-2 protocol announced the airdrop distribution. According to the tweet, this number is expected to increase before the official distribution date on Thursday.
Redefine Discovers Fake Website
Similarly, crypto security startup Redefine discovered a fake website claiming to dole out ARB tokens for free. The company commented in an online forum that “we have identified at least one malicious domain that was registered prior to [the] arbiterum announcement” adding that “It appears this site is attempting to collect user information via KYC/AML forms” with potential aim of stealing funds or personal data from victims who submit their details thinking they are taking part in an official event sponsored by Arbirtrum itself.
User Caution Advised
The team also advised users not sign up for any such offering as they are likely fraudulent activities done by scammers looking take advantage of people eagerness for free money or tokens. It urged them not fill out any form or click on links sent via email as these could lead them into falling victim of these schemes where their personal data or funds can get stolen with ease.
In conclusion, it is important that users be extra vigilant when dealing with cryptocurrency projects and their announcements as well as look out for any suspicious activity while engaging in activities related these platforms like participating in token distributions or staking rewards events etc.. Such caution will help protect them from becoming victims such malicious activities carried out by scammers looking exploit innocent people unawareness or ignorance regarding cryptocurrencies and blockchain technology in general.