Cryptocurrency
[loss] $2M+
"Fake MetaMask Governance Token Soars 2600% and Gets Rug-Pulled"
Primary Source ↗Financial Loss
$1.8M
(1,800,000 USD)
Blockchain(s)
Ethereum
Incident Details
Scammers took advantage of rumors that MetaMask, a popular Ethereum wallet, would be airdropping governance tokens. The scammers created a fake MetaMask token, $MASK, and managed to inject code into the popular DEXTools trading app to show the token as verified. The token reached over $9 million in traded volume before scammers pulled the liquidity, making off with about $1.8 million worth of Ethereum.
Total loss estimated at $1,800,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- MetaMask fake token launch
Timeline
- 2021-12-28 Breach occurred
- 2021-12-28 Publicly disclosed