Cryptocurrency pricing aggregator CoinGecko reports social media scams promoting GECKO token airdrops.
The cryptocurrency data aggregator CoinGecko advised users to be cautious as fraudulent schemes aimed at its community gain traction and issued a warning on false airdrop frauds.
CoinGecko warned its followers on August 21 on X about false rumours of a GECKO token airdrop, stressing that the business has no intentions to start such a program. CoinGecko :
This is NOT true. CoinGecko does not have any tokens or airdrop plans at the moment. Always stay vigilant and double-check your sources before clicking any links.”Â
CoinGecko issues the warning in response to posts on X purporting that the cryptocurrency price data website has “confirmed” the $GECKO airdrop. One such X post mentions a CoinGecko blog post from 2020 that talked about CoinGecko Candy, a user incentive point system.
The post fueled speculation by saying, “CoinGecko Candy are not transferable, and they are not a cryptocurrency/token (yet!),” hinting at potential future developments.Â
However, the same blog also advised care and warned about “fake ERC-20 CoinGecko scam tokens” made by unscrupulous parties.
Such dishonest practices are not unusual in the cryptocurrency industry, as con artists frequently deceive customers by taking advantage of the well-known platforms’ reputations.
For example, in March 2023, ConsenSys CEO Joe Lubin’s remarks during a session at ETHDenver 2023 raised speculation about a nonexistent airdrop, prompting MetaMask to address “false rumours” about it.
Lubin emphasised that his company was “trying to decentralise” MetaMask and mentioned that the company had plans to distribute a token.
