- Monad co-founder warns of phishing scam on Telegram.
- Avoid clicking on impersonating ads.
- Impact on Monad token trading and user security.
Monad co-founder Keone Hon alerted users about a Telegram ad scam impersonating their airdrop portal on the official channel, warning against phishing attempts affecting the crypto community.
The scam underscores vigilance in crypto, affecting market trust and illustrating security challenges during high-stake events like airdrops.
Security Alert on Telegram
The Monad co-founder recently alerted users about a phishing scam targeting their official Telegram channel. This scam impersonates Monad’s upcoming airdrop claim portal, posing a significant threat to users.
Keone Hon, co-founder of Monad, emphasized caution by urging users to “triple-verify” actions and avoid urgency. He highlighted that the actual airdrop portal will remain accessible for three weeks.
Impact on Community
The scam affects Monad’s community by creating confusion during the airdrop event. It underscores vulnerabilities in social media platforms used by cryptocurrency projects.
With Monad’s token MON trading on Hyperliquid, valued at $7 billion fully diluted, the scam’s impact on investor sentiment and security practices was noted. Keone Hon warns, “Do not act with urgency, and always triple-verify before doing anything.”
Call for Increased Vigilance
Cryptocurrency communities must enhance vigilance, particularly during high-attention events. Past instances of phishing scams similar to this emphasize recurring threats in the crypto industry.
Economic analysts caution that confidence in blockchain projects, such as Monad, can waver during security breaches. History shows that phishing attempts often target times of heightened attention or activity within the market.
