Malicious Actors Began Spoofing Token Transfers on Monad After the Network Went Live

Monad (MON) Price: Mainnet Launch Drives Token to $0.047 With 62% Gain

TLDR Monad launched its mainnet on November 24, bringing its Layer 1 blockchain live after nine months of testing MON price surged 62% in recent days, rising from $0.033 to around $0.047 following the mainnet launch The token generation event distributed 10% of the total 100 billion MON supply, with token holders tripling within 24 hours Monad processed over 2 billion transactions during testing with average gas fees of $0.006 and claims speeds…

Fake ERC-20 Transfers Trigger Monad Scam Alerts

Monad faces scam alerts as fake ERC-20 transfers target new MON holders.

Monad Price Soars 30% Despite Fake Transfer Scare

The Monad price jumped 30% despite a fake transfer scare, raising questions about its near-term price outlook.

Monad mainnet scam alerts rise as fake ERC20 transfers spread across new chain

Monad’s mainnet launch saw fake ERC20 transfer scams, prompting warnings as airdrop activity and trading grew.

Monad mainnet scam alerts rise as fake ERC20 transfers spread across new chain

Monad users reported spoofed ERC20 transfers within 48 hours of mainnet launch. More than 76,000 wallets claimed 3.33 billion MON tokens in the airdrop. Monad’s testnet recorded more than 2.6 billion transactions. Monad’s first week on mainnet has drawn intense attention across the crypto community, but it has also revealed how quickly malicious tactics can […] The post Monad mainnet scam alerts rise as fake ERC20 transfers spread across new cha…

Monad warns of spoofed token transfers after mainnet debut

The post Monad warns of spoofed token transfers after mainnet debut appeared on BitcoinEthereumNews.com. Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have b…