To Reassure Users, MetaMask Has Never Released an Official Token!

Jakarta, Pintu News—MetaMask, the leading Web3 wallet, recently warned its community about a fraudulent scheme promoting a non-existent MetaMask token. MetaMask does not issue official tokens, and any claims to the contrary are false and potentially harmful.

Check out the full news below!

Warning from MetaMask

MetaMask has informed its users that the platform does not issue official tokens. This statement was issued after reports of fraudulent schemes offering MetaMask tokens in trading or pre-market trading.

MetaMask confirms that it is not affiliated with the scheme and reminds users to be cautious of speculative advertisements and promotions unrelated to Consensys.

On March 3, MetaMask issued this warning in response to increased fraudulent activity using their name. This comes days after MetaMask announced a major update introducing Bitcoin (BTC) and Solana (SOL) smart contract capabilities into its network. Scammers may try to capitalize on this announcement to launch their fraudulent schemes.

Also read: Led by Commissioner Hester Peirce, SEC’s New Team Ready to Revolutionize Crypto Regulation!

Rise in Crypto Fraud Schemes

In recent times, scams involving fake tokens have become more prevalent. These criminals successfully convince users to invest in fake assets that mimic reputable projects. These schemes often result in significant financial losses for unsuspecting investors.

One famous example is Mark Cuban, an entrepreneur who reportedly lost nearly $870,000 after interacting with a compromised MetaMask wallet.

In addition, MetaMask users are also subject to “address poisoning” attacks, where fraudsters manipulate transaction history to trick users into sending funds to the wrong address.

Also read: Aave Launches v3 on Sonic Mainnet, Expanding DeFi Reach!

Preventive Measures and User Awareness

MetaMask continues to raise user awareness about this threat and advises users to always check sources of information before making transactions.

Users should verify any claims about tokens or airdrops attributed to MetaMask through their official channels. MetaMask also advises users to protect their accounts by using the security features they offer, such as two-factor authentication.

Additionally, MetaMask reminds that they never randomly send out tokens or ask users to send crypto as part of promotions or giveaways. Any claims to the contrary should be considered an attempt at fraud and reported to the relevant authorities.

Conclusion

In the face of rampant crypto scams, it is imperative for users to stay vigilant and informed. By following security guidelines and ensuring credible sources of information, users can protect themselves from financial loss and keep their digital assets safe.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. No Official MetaMask Token Wallet Provider Warns of Scam Schemes. Accessed on March 5, 2025
• Featured Image: Bitcoin News