Monad Co-Founder Warns of Telegram Ad Scam Ahead of Airdrop Launch
As the countdown to Monad’s highly anticipated airdrop begins, co-founder has raised the alarm about a fraud that is targeting the project’s supporters. Malicious individuals have purchased fake ads in Monad’s official announcement channel. Their goal is to trick users into giving over personal information or sending money through fake claim websites.
The Type of Scam
Hon’s warning followed later than fake adverts appeared resembling the real claim portal, which was scheduled to open at 1:00 pm UTC on October 14. These fake links, which appeared in the project’s certified Telegram channel, are designed to trick people into divulging personal information or engaging in fraudulent transactions.
Even though Telegram’s rules prohibit these kinds of fraudulent techniques, scammers take advantage of the platform’s advertising infrastructure by purchaseing ads that blend in with the official communication space.
The phony adverts, which have scared many in the community, often offer links that look like the official claim portal but actually take people to phishing sites. Hon stresses that the real portal can only be found at claim.monad.xyz and will be open for three weeks. He advises community members to remain calm and avoid acting hastily due to the scam methods.
The Increasing Danger in Crypto and Messaging Platforms
This event highlights that social messaging services like Telegram remain vulnerable to abuse, despite having rules against false advertising. experts have noticed that fraud is on the rise on Telegram. These scams can range from false job offers to phony investment schemes that exploit the platform’s open and frequently anonymous nature.
The fraud targeting Monad’s community is particularly concerning, given the project’s growing attention. The MON token, which hasn’t been released yet, is already trading on futures market for about $0.07.
This means that its value is approximately $7 billion, given the 100 billion tokens available. Scammers who want to take advantage of the hoopla will find the project very appealing because of how rapidly it has gained attention.
The Need for Caution and Platform Improvements
Telegram’s rules on phishing and deceit in ads are explicit, yet enforcing them remains a significant challenge. Experts say that tougher ad verification systems and better community education are needed to stop such scams from spreading.
Hon’s simple advice to the community is to check links carefully, not act rapidly, and always use official channels for information and transactions.
The scam highlights that security remains a significant issue in the rapidly expanding Web3 ecosystem as Monad prepares to launch its currency. People need to be extra careful and stay on the lookout for false information and scams.
In the meantime, platform providers like Telegram are being told to improve their vetting and rules to protect users from poor actors. The event serves as a sharp reminder that strong security measures and community awareness are necessary for decentralized innovation to move forward.
