MetaMask Says Report of a Planned Airdrop on March 31 is False

Metamask, a popular Web 3.0 wallet provider has alerted its community and dispelled rumors of a potential airdrop making the rounds.

In a tweet message,  Metamask said the report of an upcoming airdrop or snapshot on March 31 is false. Furthermore, the firm encourages its members to be on the lookout for phony sites in the coming days so as not to fall prey to scammers and phishers adding that the rumors provide fraudulent actors an opportunity to scam unsuspecting users.

Although Metamask has discredited the rumors, Joe Lubin, co-founder of Ethereum (ETH) and the CEO of ConsenSys, Metamask’s parent company during a recent interview revealed that the plan for a token launch is indeed in the works as the firm continues towards the path of decentralization.

In response to MetaMask’s tweet, an individual Tweeted that the preferred way to tackle the issue on the ground, is for the crypto wallet provider to make known to the entire community when the Airdrop will be officially available.

Interestingly, as revealed by data from the analytical platform DappRaddar, activities on the Metamask witnessed a major increase as a result of these speculations of a planned airdrop. These resulted in a jump in its daily transactions, recording over 21,000 on March 27 compared to 8,600 on March 25. 

Metamask Warns Users About Phishing Attacks

Recall that this is not the first time the well-known Ethereum-based Decentralized Finance (DeFi) wallet provider is issuing a warning to the crypto community about phishing attacks.

In April 2022, Metamask issued a warning to crypto users to beware of the ongoing Apple iCloud phishing attacks. Users were advised to use a password that is strong enough, avoid giving out sensitive information, and ensure to turn off their automatic iCloud backups.

Also, earlier in the year, MetaMask warned crypto users of a new scam called ‘Address Poisoning’ which allows scammers to send transactions of no value to one’s account from an address that is almost the same as the user. In this case, users were advised to thoroughly check every character of an address before sending a transaction.