Ethereum-based token MASK is a kind of scam, not Metamask’s governance asset.
Multiple cryptocurrency enthusiasts have reported the release of token MASK, which mimics the highly anticipated governance token of popular wallet MetaMask.
Scammers Target Ethereum Community
Today, Ether holders faced a new scam. A type of token scam started to be reported that you can only buy but cannot sell when you try to sell it. The scam is impersonating MASK, MetaMask’s yet-to-be-released management token.
Twitter user @lindyape shared a screenshot of the transaction history of an Ether holder who bought MASK for 22 ETH and was unable to sell it at any price.
https://twitter. com/lindyape/status/1475575338428215297
According to Etherscan, the net number of victims of this scam could be close to 400.
Crypto enthusiast @cobynft explained how the MASK token managed to get the verification badge on the popular DeFi app DexTool. The hackers injected malicious code into the token description on the website, causing a blue “Verified” badge to appear next to the WETH/MASK pair. People also bought with confidence.