To 400 people have become victims of a scam involving a MetaMask token that has yet to be released, resulting in the loss of hundreds of Ethereum. The exact figure is unknown at this time, but estimates range from $ 1 million to $ 1.8 million.
The victims were tricked into believing they were buying legitimate $ MASK tokens. AND deeper analysis situations revealed that fraudsters inserted code at the front end of the DexTool app to give a “verified” tag to the Uniswap WETH / MASK trading pair on Uniswap.
“The code was inserted into the title and description of the tox on DexTools executed by the website, resulting in the token displaying the status“ verified ”.“
One victim recounts the situation, saying, “Everything always seems obvious when you look back.” However, comments on social media generally show an irresistible lack of compassion for victims.
MetaMask and DexTools have not yet publicly responded to the situation.
The founder of Ethereum devs ConsenSys, Joseph Lubin, teased the MetaMask token during an exchange on Twitter about two months ago.
The rapid growth in the number of monthly active users in 2021 has made MetaMask the most popular wallet in crypto circles.
“MetaMask had 545,000 monthly active users in July 2020, but by August 2021 it had jumped to 10.35 million.”
Earlier, some rejected the idea of a $ MASK wallet because of JPMorgan’s stake in MetaMask and the complications the token would bring in terms of compliance and detection.
But Lubin countered by saying there was no conflict of interest as most of the projects involved in his company were decentralized. Check out with “Wen $ MASK? Stay with us. ”
Rumors are like that token distribution (the actual MetaMask token) will happen via airdrop. Although nothing has been confirmed, anyone who replaces the platform is expected to be eligible to receive the token.
Comments on social networks
The fraudsters managed to deceive the victims by disabling the sales function after they pumped liquidity into a fake token. The victims were left with bags of useless tokens that they could not unload.
Responding to the situation, one Twitter user expressed surprise that anyone could “fall for these things”. In addition, the victims deceived themselves due to lack of due diligence.
“Honestly, it’s angry that people are falling for these things. If there had been a mask drop, it would have been all over twitter. You don’t need an intellectually well-done scam, you just have to wait for people to cheat on their own. ”
Most commentators had a similar view. However, another Twitter user he pointed out that the checked tick is a factor in blurring the assessment of the situation.
Since so, does DexTool have a certain degree of guilt for it?
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