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Crypto Fraud Case Studies

Fake Token Airdrop That Drained My Wallet

Virginia Ogden

    Fake Token Airdrop That Drained My Wallet
    I saw a Twitter post from a well-known blockchain company offering a free airdrop of their new token. The post linked to a website that looked identical to the real company’s website.

    To claim my airdrop, I had to:

    Connect my MetaMask wallet
    Sign a smart contract to verify ownership
    Approve unlimited token spending
    Moments after I signed the transaction, my entire wallet was emptied. The scammers had used a malicious contract that granted them full control of my assets.

    The Twitter account? Fake. The website? A phishing copy. I had just given scammers direct access to my funds.

    What I Learned
    ✔ Never connect your wallet to unknown sites.
    ✔ Legitimate airdrops never ask for spending approvals.
    ✔ Always check URLs carefully. Fake websites often have minor differences in domain names.

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