Crypto Community Warns Fake Arbitrum Airdrops
Arbitrum users have been warned about various fake airdrops purporting to be from the project’s newly launched decentralised Autonomous Organization (DAO).
After the Ethereum layer-2 scaling protocol announced the DAO last week, scammers began creating fake Arbitrum airdrops and phishing websites, promising to distribute 12.57% of the governance token ARB to eligible community members on March 23, 2023.
According to the protocol’s statement, it used a point system to determine which users were eligible for the airdrop and how many tokens they could receive based on their performance and activities on the platform.
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.
(With inputs from Shikha Singh)
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