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BitDegree 2024-04-04 06:18:07

Wormhole Launch Sees $850 Million Airdrop Amid Scams and Spoofs

Key Takeaways The Wormhole platform's launch of its governance token attracted significant interest, leading to an $850 million airdrop amidst a wave of scams and spoof tokens. Scammers exploited the event's publicity, with the platform's founder's account compromised and a spoof token, "warmhole," making headlines for its brief but dramatic value surge. Security concerns were raised when a hacker from a previous exploit was found to be initially eligible for the airdrop, highlighting the challenges in ensuring a secure and equitable distribution.

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