SCAM ALERT: No, fraxfinance isn't airdropping its $FXS token that gained 60% last week Frax
Yet another fake airdrop is being promoted on Twitter by obvious scammers - but why is this one more dangerous? Now the fraudsters are targeting mid-cap altcoin holders interested in Frax Finance and its hybrid stablecoin.In recent days, a fraudulent promo campaign has gained traction in Twitter. Someone is impersonating the team of Frax Finance and is pretending to distribute its reserve token, Frax Share .The account on Twitter is named"Fraxfinace" instead of"Frax Finance.
Both the website and Twitter account were created on Jan. 16, 2023. Per data from public whois-services, the airdrop website was registered by a Seychelles-incorporated firm.Also, the sum of the airdrop looks too suspicious: its organizers are allegedly distributing over $62,000 in one of the most trending cryptocurrencies right now. By press time, the"Claim" button on the website is disabled; it is also labeled as a"phishing domain" by popular anti-virus software.
Frax Finance ecosystem garnered attention in 2022 thanks to FRAX, a first-ever fractional-algorithmic stablecoin system. As covered by U.Today, it has aleady booked a spot in the list of the most trending decentralized stablecoins.
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