{"id":91462,"date":"2025-11-26T18:25:10","date_gmt":"2025-11-26T15:25:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91462"},"modified":"2025-11-26T18:30:27","modified_gmt":"2025-11-26T15:30:27","slug":"fake-transactions-flood-monad-network","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fake-transactions-flood-monad-network\/","title":{"rendered":"Fake Transactions Flood Monad Network"},"content":{"rendered":"<p>Following the launch of the <a href=\"https:\/\/forklog.com\/en\/news\/how-monad-works-an-ethereum-and-solana-rival-with-10000-tps\">Monad<\/a> mainnet, malicious actors began executing fake <a href=\"https:\/\/forklog.com\/en\/news\/what-are-erc-20-tokens\">ERC-20<\/a> token transfers. The situation was highlighted by blockchain co-founder James Hunsaker.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">warning \u2014 there are fake ERC-20 transfers pretending to be from my wallet<a href=\"https:\/\/t.co\/TCZTfDfoTQ\">https:\/\/t.co\/TCZTfDfoTQ<\/a><\/p>\n<p>example:<a href=\"https:\/\/t.co\/wA1I8RFTdQ\">https:\/\/t.co\/wA1I8RFTdQ<\/a><\/p>\n<p>you can see the txs are not sent by me<\/p>\n<p>ERC-20 is just a token interface standard, it&#8217;s easy to write a smart contract that meets that standard\u2026<\/p>\n<p>\u2014 James (mainnet arc) (@_jhunsaker) <a href=\"https:\/\/twitter.com\/_jhunsaker\/status\/1993433511584297327?ref_src=twsrc%5Etfw\">November 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>These transactions appear normal in the explorer, but in reality, no approval was signed, and no coins were moved. Hunsaker noted that some fake transfers were allegedly made from his wallet.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe transactions are not sent by me. ERC-20 is just a token interface standard, and it&#8217;s easy to write a smart contract that complies with this standard, but it can have address entries that are not authorized by the owner,\u201d he explained.<\/p>\n<\/blockquote>\n<p>Hunsaker <a href=\"https:\/\/x.com\/_jhunsaker\/status\/1993434484545409460?s=20\">added<\/a> that the malicious activity is not a flaw in the Monad blockchain but rather a \u201csubstitution within their smart contract to deceive people.\u201d<\/p>\n<p>Thus, fraudsters attempt to confuse users of the new protocol by hiding behind well-known figures within the project. Some contracts generated fake swap calls and other artificial signatures to mimic real trading in the ecosystem.<\/p>\n<p>The scammers intensified their efforts as the network is undergoing an airdrop distribution. On November 24, the mainnet and MON token <a href=\"https:\/\/forklog.com\/en\/news\/monads-market-cap-tops-365m-within-a-day-of-launch\">were launched<\/a>.<\/p>\n<p>At the time of writing, the coin&#8217;s market capitalization <a href=\"https:\/\/www.coingecko.com\/en\/coins\/monad\">exceeds<\/a> $500 million with a daily trading volume of $1.32 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"488\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-e73de51d7aef8549-10562342112473445-1024x488.png\" alt=\"image\" class=\"wp-image-270552\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-e73de51d7aef8549-10562342112473445-1024x488.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-e73de51d7aef8549-10562342112473445-300x143.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-e73de51d7aef8549-10562342112473445-768x366.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-e73de51d7aef8549-10562342112473445-1536x732.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-e73de51d7aef8549-10562342112473445.png 1835w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute MON\/USDT chart on Bybit exchange. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/MONUSDT\/?exchange=BYBIT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Earlier in November, the team behind the aPriori project on Monad <a href=\"https:\/\/forklog.com\/en\/news\/apriori-team-vanishes-amid-airdrop-misappropriation-allegations\">was suspected<\/a> of misappropriating an airdrop.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the launch of the Monad mainnet, malicious actors began executing fake ERC-20 token transfers.<\/p>\n","protected":false},"author":1,"featured_media":91463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Fake transactions flood Monad network after mainnet launch.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,791,1712,1246],"class_list":["post-91462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-erc-20","tag-monad","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"291","promo_type":"1","layout_type":"1","short_excerpt":"Fake transactions flood Monad network after mainnet launch.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91462"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91462\/revisions"}],"predecessor-version":[{"id":91464,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91462\/revisions\/91464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91463"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}