Scammers took advantage of rumors that MetaMask, a popular Ethereum <button class="define-target" id="wallet">wallet</button>, would be <button class="define-target" id="airdrop">airdropping</button> <button class="define-target" id="governance-token">governance tokens</button>. 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&nbsp;million in traded volume before scammers pulled the <button class="define-target" id="liquidity-pool">liquidity</button>, making off with about $1.8&nbsp;million worth of Ethereum.

"Fake MetaMask Governance Token Soars 2600% and Gets Rug-Pulled"

"$1.8M Lost to Fake MetaMask Token Honeypot Scam"

Web3 is Going Just Great

Traders duped out of $1.8 million in a fake MetaMask governance token scheme