Crypto:
36635
Bitcoin:
$92.121
% 1.04
BTC Dominance:
%58.6
% 0.02
Market Cap:
$3.13 T
% 1.40
Fear & Greed:
28 / 100
Bitcoin:
$ 92.121
BTC Dominance:
% 58.6
Market Cap:
$3.13 T

Alert Before the Monad Airdrop: Founder Warns About Fake Advertisements!

As the crypto community eagerly awaits the highly anticipated Monad airdrop event, malicious actors have targeted the project’s official Telegram channel. Scammers have been spreading fake advertisements that mimic the official airdrop claim portal to deceive users. Monad’s co-founder, Keone Hon, issued a warning on X (formerly Twitter), urging the community to stay vigilant and “avoid clicking on ads appearing even in our official channels.”

“It’s Concerning That Telegram Allows Such Ads”

Hon stated that attackers manipulated Telegram’s ad system to display fraudulent content within Monad’s official announcement channels, which are typically reserved only for verified updates.

“It’s insane that Telegram can inject ads directly into a one-way announcement channel. This poses a serious risk to user safety,” said Hon.

He further advised users not to rush and to verify all links before interacting with them. The official Monad airdrop claim portal is scheduled to open on Tuesday at 13:00 , and will remain available for three weeks, assuring the community there is no need to hurry.

Pre-Airdrop Hype for Monad: FDV Reaches $7 Billion

Despite recent scam incidents, excitement around the Monad ecosystem continues to grow. Although the official token generation event has not yet taken place, the MON token is currently trading at around $0.07 on the Hyperliquid futures market. At this price, based on a total supply of 100 billion tokens, Monad’s fully diluted valuation (FDV) stands at approximately $7 billion. Investors view this figure as a reflection of rising anticipation ahead of the project’s mainnet launch.

Monad is an EVM-compatible Layer-1 blockchain designed to enhance scalability and transaction speed. The project claims to achieve up to 10,000 transactions per second (TPS) through parallel execution technology and an optimized consensus layer.

Fake Ads Violate Telegram’s Policies

The fake advertisements that infiltrated Telegram’s infrastructure were found to be in clear violation of the platform’s Advertising Policies and Guidelines, which prohibit deceptive marketing, phishing, spam software, and the promotion of harmful financial services.

According to Telegram’s rules:

“Ads must not promote phishing services, including those that deceive users into providing personal or other sensitive information.”

However, this incident once again highlighted the inadequacy of Telegram’s current moderation systems and the need to strengthen its ad review processes.

Rising Need for Security Awareness and Platform Accountability

As seen in the Monad incident, malicious actors are evolving their tactics as crypto projects grow in popularity. Airdrop periods, being high-engagement times, are particularly prone to scams spreading rapidly. This case underscores the urgent need for both Telegram to tighten its ad review mechanisms and for crypto users to remain vigilant and verify information before taking action.

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