In 2024 and 2025, fake airdrop scams targeting projects like Hamster Kombat and Wall Street Pepe resulted in millions in losses. Scammers exploit user greed by promising free tokens in exchange for sensitive actions. Red flags include lack of official announcements, requests for private keys, and demands for upfront fees. To avoid falling victim, always verify airdrop legitimacy, never share private keys, and be cautious of payment requests. Scammers often use phishing websites and fake social proof to deceive users. Genuine airdrops are free and involve simple tasks. By staying vigilant and researching tokens before participating, users can protect themselves from fraudulent airdrop schemes. The evolution of airdrop models towards activity-based and AI-monitored systems aims to enhance security and community engagement in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

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