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MetaMask Token Rip-off Sees $1 Million Stolen

MetaMask Token Rip-off Sees $1 Million Stolen

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1 month agoTue Dec 28 2021 10: 22: 08

MetaMask-Token-Scam-Sees-$1-Million-Stolen

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  • Scammers maintain made off with some $1 million after faking a MetaMask token checklist
  • The scammers injected code into the DexTools relate to construct the token seem like verified
  • MetaMask didn’t recount the token on their Twitter feed

A rip-off animated the anticipated MetaMask airdrop has ended in a total bunch of ETH being stolen and one other lesson in having a scrutinize earlier than you soar. Rumors of a MetaMask airdrop maintain circulated for some time now, and a crew of scammers has preyed upon those waiting for the unlock by fooling DeFi tools relate DexTools into pondering that its counterfeit MASK token modified into once real, ensuing in victims shopping up the token in droves earlier than it modified into once revealed to be a rip-off.

Scammers Capitalize on MetaMask Token Anticipation

The MetaMask airdrop is belief of as one of essentially the most hotly anticipated airdrops within the crypto enviornment given the recognition of the platform and the prospective price that could well end result for users. Twitter user @cobyNFT revealed how a crew of scammers ragged the pleasure over the MetaMask airdrop, and some coding trip, to construct a counterfeit MASK token:

How did someone construct a counterfeit $MASK token and rip-off a total bunch of ETH by exploiting DexTools?

A Thread 🧵 pic.twitter.com/pUb9MRwBlT

— coby.eth (@cobynft) December 27, 2021

@cobyNFT stated that DexTools has “disagreeable coding” which allowed the scammers to inject code into the title and description on DexTools which modified into once executed by the earn relate, ensuing within the token showing a ‘verified’ arrangement. This modified into once passable for some to reflect that the MetaMask token had within the extinguish hit. Some $1 million price of the token were bought following the counterfeit token introduction, which modified into once later revealed to be a honeypot, with sells locked so that the tokens could well now not be redeemed in any methodology.

@cobyNFT says that the scammers will most likely elope the funds thru the Twister Cash mixer to imprecise their origin, allowing them to cash out pretty without sing.

Traditional Exams Would Agree with Averted Loss

DexTools has to this point did now not touch upon what seems to be a security breach at their cease, however the victims must were suspicious of the MetaMask token given that that they had to opt it rather then it being the airdrop that each person is waiting for. A rapidly check of the MetaMask Twitter feed would maintain confirmed no relate whatsoever of the MetaMask token being launched, which must were the reddest of crimson flags.

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