Airdrop Scams in Crypto and How to Avoid Them :
Airdrop Phishing Scams
Airdrop scams are phishing attacks using fake websites, emails, and social media accounts to trick users into claiming a fake airdrop. This usually entails convincing users into connecting their wallets to malicious smart contracts or sharing their private keys in order to claim the 'airdrop', after which the wallet is drained of all its holdings.
1. In crypto, airdrops are marketing programs that incentivize cryptocurrency enthusiasts to support a project or reward them for their past contributions to the project or related projects.
2. Foul players exploit the excitement of cryptocurrency investors to benefit from airdrops in order to trick them into granting wallet access through airdrop scams.
3. As airdrops get more lucrative, airdrop scams also get more rampant and sophisticated, from fake profiles to fake websites and phishing emails.