Widespread crypto pockets MetaMask has warned of a faux $MASK token launch, as reported by the venture’s Twitter account on March 28.

Metamask says there isn’t any token launch

MetaMask mentioned that widespread rumors counsel that it’ll perform an official token snapshot or airdrop on March 31. The venture mentioned these rumors are “not solely false however [also] harmful” as they permit scammers and phishers to focus on crypto customers.

MetaMask software program developer Dan Finlay, in the meantime, mentioned that a “bunch of people that don’t know what they’re speaking about” are liable for the hype across the supposed airdrop. He warned that scammers “will most likely be out in drive round that day.”

The rumor appears to have originated round March 26 from a social media account by the identify of “eezzy” earlier than it was extra extensively circulated by Degenscan chief serp1337.

These rumors cited supposed insider info to counsel that MetaMask would snapshot consumer transactions on March 31 previous to a 2024 airdrop. It’s not clear that the preliminary rumor was circulated with fraudulent intentions, because it didn’t request transfers to a particular handle.

In any case, MetaMask doesn’t have a local token and has no speedy plans to launch one, regardless of all hypothesis and recommendations on the contrary.

Metamask token rumors aren’t new

A MetaMask token has been rumored for a while. The truth is, the chance could have been initially spurred by the chief of MetaMask’s father or mother firm, ConsenSys.

In November 2021, ConsenSys co-founder and CEO Joseph Lubin seemingly hinted at a token launch by writing on Twitter: “Wen $MASK? Keep tuned.” Later, Decrypt reported in March 2022 that Lubin confirmed that MetaMask supposed to launch a token. That assertion was subsequently picked up by a number of main websites as proof for an upcoming launch.

The sooner assertion seemingly resulted in no less than one precise rip-off. Lots of of customers noticed their funds stolen in December 2021 when attackers hijacked a decentralized trade to make it seem {that a} WETH/MASK buying and selling pair existed.

An unrelated MetaMask rip-off involving handle poisoning additionally occurred in January. The pockets, like many others, can also be a frequent goal for phishing campaigns.