Fraudsters have created numerous fake websites ahead of Arbitrum’s ARB token airdrop, scheduled for March 23, according to security researchers.
Redefine researchers spotted a site masquerading as the legitimate Arbitrum airdrop. It asks visitors to grant access to their funds, risking theft.
Scam Alert?
This website https://arbitrum.drops[.]bio/ impersonates an official @arbitrum airdrop website.
Beware of scams that exploit the $ARB airdrop by tricking unsuspecting victims into joining a fake airdrop.
Don’t interact with this website.
Stay safe! ?#DeFi pic.twitter.com/VhHvQPFt8o— Redefine (@Redefine_crypto) March 19, 2023
In turn, CertiK colleagues pointed to a fake Arbitrum Twitter account advertising the airdrop.
Be aware of a fake @arbitrum Twitter account which is advertising a token Airdrop.
Do not interact with this Airdrop.
Always verify Twitter accounts and URLs from trusted sources.
Stay vigilant! pic.twitter.com/gTlSNRzd6l
— CertiK Alert (@CertiKAlert) March 19, 2023
A Reddit user known as CryptoMaximalist posted a thread, in which he also described fake Twitter accounts with links to fraudulent sites. He urged users to thoroughly verify a profile and its history before visiting any third-party resources.
According to the Web3 Scam Sniffer analytics tool, there are more than 273 phishing sites tied to Arbitrum. It is expected that the number will continue to rise before the official airdrop.
1.
? The #Arbitrum airdrop has been announced, and with it comes an influx of phishing sites looking to scam users.?️♂️ #ScamSniffer has already detected 273 phishing sites related to Arbitrum. The number is growing, stay vigilant! ⚠️
— Scam Sniffer (@realScamSniffer) March 17, 2023
The Arbitrum Foundation will distribute 10 billion governance tokens, enabling holders to vote on changes to the code of Arbitrum One and Nova. A project-designed scoring system identifies users eligible to receive ARB.
Gm, $ARB airdrop holders! ☀️
We found a lot of scam accounts calling you to claim airdrop! Don’t trust! ?
Only legal website: https://t.co/zjxfLBnn9I
The following 6 accounts are official ??@arbitrum@arbitrum_cn@arbitrumcore@ArbitrumDevs@arbitrum_intern@OffchainLabs… https://t.co/F0ADoE6Lwd pic.twitter.com/0nEqEsnH8k
— ANDAO (?,?) ?? (@ArbitrumNewsDAO) March 19, 2023
Among those included will be users who completed more than four transactions or interacted with at least four smart contracts, transferred funds to the Arbitrum One chain, and provided more than $50,000 in liquidity on Arbitrum.
According to analyses by Nansen, who helped develop the criteria with Arbitrum, of more than 2.3 million wallets connected to the Arbitrum One network by February 6, only 625,143 are eligible to participate in the airdrop.
Congrats on the @arbitrum governance token launch ?
Our team helped develop the $ARB airdrop distribution backed by on-chain data analyses using #NansenQuery
✅ 625,143 addresses are eligible, 28% of those who bridged to Arbitrum One before Feb 6, 2023https://t.co/9xaw3l2rz5
— Nansen | ?Paris Blockchain Week (@nansen_ai) March 16, 2023
Back in January, CoinMarketCap fake airdrops.