Wormhole Token Launch: $850 Million Airdrop Meets Scammers and Spoofs
Key Takeaways Wormhole's governance token, W, was launched with a $850 million airdrop, attracting the attention of scammers who created fake accounts to post malicious links; Following the airdrop announcement, a parody token named "warmhole" rose in value, quickly moving from a valuation of around $100,000 to a staggering $8.3 million; The airdrop initially included eligibility for the hacker behind the 2022 Wormhole bridge exploit.
Key Takeaways
- Wormhole's governance token, W, was launched with a $850 million airdrop, attracting the attention of scammers who created fake accounts to post malicious links;
- Following the airdrop announcement, a parody token named "warmhole" rose in value, quickly moving from a valuation of around $100,000 to a staggering $8.3 million;
- The airdrop initially included eligibility for the hacker behind the 2022 Wormhole bridge exploit.
