Scammers decided to explore hype over Frax Finance’s reserve token FXS that surprisingly rallied in recent weeks
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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 (FRAX) and its hybrid stablecoin.
Scammers impersonating Frax Finance (FRAX) team are trying to steal your data
In recent days, a fraudulent promo campaign has gained traction in Twitter. Someone is impersonating the team of Frax Finance (FRAX) and is pretending to distribute its reserve token, Frax Share (FXS).
The account on Twitter is named “Fraxfinace” instead of “Frax Finance.” It is aggressively promoted, commented and retweeted by bots with ENS-style .eth names. Participants of the airdrop are invited to visit the website and claim their rewards. Most likely, the scammers are targeting sensitive information: passwords, seed phrases or credit card data.
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…
