It can be difficult to determine whether an airdrop is genuine or fraudulent. You should always conduct your own research (DYOR) before signing up for any airdrop, especially when you need to connect your wallet to a website. Sometimes scammers distribute tokens to multiple wallets, but when you try to transfer these tokens to a crypto exchange or another wallet, your wallet gets drained.
Sometimes scammers announce a fake airdrop that leads to a phishing website. They trick you into connecting your wallet to a site that looks very similar to the original. Once you connect your wallet and sign the transaction, other tokens will be withdrawn from your wallet. This often happens with fake accounts on Twitter and Telegram that closely resemble the official ones.
Some fraudulent airdrops include requests to send cryptocurrency to an unknown wallet address in exchange for unlocking your free tokens. Legitimate airdrops will never ask for your funds or seed phrase. Be cautious of emails or direct messages.
To avoid fraud, be sure to visit the official project website and social media. Bookmark the official links and double-check if the project is indeed conducting an airdrop. If you know nothing about the project, further research should be conducted to learn the opinion of the crypto community. If you cannot find enough information, it may be better to simply ignore the airdrop.
For additional protection, you can set up a new wallet and a new email address dedicated solely to receiving airdrops. This can ensure that the funds in your personal wallet are protected from phishing attempts related to the airdrop. And most importantly, never share your private keys with anyone.
