What's Hot

    Twitter Suspends Doge Tipping Tool

    03.02.2023

    Orion Protocol Lost $3 Million in Cryptocurrency in an Exploit

    03.02.2023

    Ripple began looking for developers of solutions for digital national currencies

    03.02.2023
    Facebook Twitter Instagram
    Friday, February 3
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Security»Scammers sold fake MetaMask tokens worth $ 1 million
    2cc57e8a3bde6ce3580f491e67e3221360b632b4
    Security

    Scammers sold fake MetaMask tokens worth $ 1 million

    AdministratorBy Administrator28.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Attackers arranged the distribution of fake tokens on behalf of the MetaMask cryptocurrency wallet, found out in the crypto community

    Scammers distributed fake MetaMask tokens. The first person to notice this was @cobynft. It is reported that the attackers inserted a code with a link to the verification icon into the description and title of the token. With the help of such a trick on the DEXTools site, the scammer’s token looked like a confirmed asset.

    Scammers sold fake MetaMask tokens worth 1 million

    Source: twitter.com

    Due to flaws in the site code, the display of the verification icon also automatically displayed a text confirmation of the smart contract’s authenticity. As soon as the scammers collected $ 1 million in tokens, the protocol was closed, and the investments themselves, most likely, had already been laundered through Tornado.cash, writes @cobynft. At the time of this writing, the DEXTools developers have not commented on the incident in any way.

    It turned out that one of the investors trying to buy fake tokens as quickly as possible sent scammers more than $ 340,000 in ETH. The victim, according to the published screenshot of the transactions, was not embarrassed by the constant errors with transfers to the address of the contract.

    The scale of the incident may be due to the fact that the MetaMask developers previously allowed the release of their own token. Despite the fact that there are no specifics on the release of the cryptocurrency, the project expressed interest in such a product.

    In November, the amount of active MetaMask users reached 21 million people per month. Compared to the levels of 2020, this indicator has grown 38 times. As the company added, the crypto wallet operates in an ecosystem that supports about 3,700 unique Web3 applications.

    Recall that in October, the BeInCrypto editorial staff already said that the functionality of the decentralized exchange of cryptocurrencies through the non-custodial wallet MetaMask Swaps attracted client money in the amount of $ 110 million in various altcoins. However, the service also drew a lot of criticism due to the high fees on the Ethereum network.

    Disclaimer

    All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website.






    #Scammers #sold #fake #MetaMask #tokens #worth #million

    fake MetaMask million scammers sold tokens worth
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Orion Protocol Lost $3 Million in Cryptocurrency in an Exploit

    03.02.2023

    Robert Kiyosaki called fiat fake, and bitcoin

    03.02.2023

    OpenSea figured out how to prevent NFT tokens from being laundered

    03.02.2023

    Slowmist told about the theft of $3 million from Orion Protocol

    03.02.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Twitter Suspends Doge Tipping Tool
    • Orion Protocol Lost $3 Million in Cryptocurrency in an Exploit
    • Ripple began looking for developers of solutions for digital national currencies
    • By the end of 2023, Ether may exceed $2,000
    • “Bitcoin is the only protection for money from inflation and currency devaluation”
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.