Token

Wormhole

<a href="https://bitcoinworld.co.in/wormhole-airdrop-attracts-crypto-scammers-as-native-governance-token-launches/" title="Wormhole Airdrop Attracts Crypto Scammers as Native Governance Token Launches" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The highly anticipated $850 million airdrop event by cross-chain bridging platform Wormhole has drawn the attention of crypto scammers.</li> 
</ul> 
The highly anticipated $850 million airdrop event by cross-chain bridging platform Wormhole has drawn the attention of crypto scammers.&nbsp; 
The platform recently released its native governance token, W, leading to a surge in fraudulent activities. 
Blockchain investigator ZachXBT pointed out that the official announcement of the airdrop on <a href="https://twitter.com/zachxbt/status/1775513545548931503">X</a> was bombarded by numerous convincing scam accounts, some even sporting “gold checkmarks” to appear legitimate.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Be careful there are tons of accounts with gold checkmarks in the replies posting phishing scams. <a href="https://t.co/ioJufnktuP">pic.twitter.com/ioJufnktuP</a> 
 — ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1775513545548931503?ref_src=twsrc%5Etfw">April 3, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Additionally, the official X account of Wormhole founder Robinson Burkey was compromised, with the founder posting malicious links to suspected wallet-draining sites hours after the airdrop was revealed.&nbsp; 
Burkey’s account has since been made private to mitigate further damage. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/usdt-otc-thieves-arrested-in-south-koreas-gangnam-district/" aria-label="“USDT OTC ‘Thieves’ Arrested in South Korea’s Gangnam District” (Edit)">USDT OTC ‘Thieves’ Arrested in South Korea’s Gangnam District</a> 
The W token was officially launched on April 3 on the Solana-based decentralized exchange, OpenBook, with an initial price of $1.66.&nbsp; 
However, the token’s price has dipped and is currently trading at $1.21, with a market capitalization of $2.17 billion.&nbsp; 
W also launched on the top centralized exchanges like Binance, OKX and Bybit, and saw over $1.58 billion in trading volume in its first day, making it the 12th most traded token. 
As part of the airdrop, Wormhole allocated 674 million tokens, equivalent to 6.75% of the total supply, to eligible participants.&nbsp; 
This puts the total value of the airdrop at $896 million for those who met the airdrop requirements.&nbsp; 
While the W token is currently available only on the Solana network, Wormhole plans to make it accessible on the Ethereum network as an ERC-20 token and other layer-2 networks in the future. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/wormhole-airdrop-attracts-crypto-scammers-as-native-governance-token-launches/">Wormhole Airdrop Attracts Crypto Scammers as Native Governance Token Launches</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Wormhole Airdrop Attracts Crypto Scammers as Native Governance Token Launches

ItsBitcoinWorld

Other articles published on Apr 5, 2024

IOTA and Abu Dhabi: Will the IOTA Price Explode?

Terra’s Do Kwon Entangled in Legal Woes as LUNA’s Stability Hangs in Balance

Key Price Thresholds for Bitcoin’s Potential Rally or Retreat

PayPal Revolutionizes Cross-Border Transfers with Crypto

How to create a metaverse avatar

Bitcoin and Meme Coin Markets Reveal Growth Potential with New Developments

Join our free newsletter for daily crypto updates!