Aptos Network compromised by airdrop fraud users warned not to have interaction with suspicious tweets

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L The Memecoin ($L) Price Explodes 7,500%, Trends on DEXTools With Crypto Airdrop For Twitter Blue Subscribers

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L price chart via DEXTools

Inspired by a 2021 Elon Musk tweet, new cryptocurrency L The Memecoin (L) had an explosive initial exchange offering on Uniswap today, with the $L price pumping over 7,500% before a correction.

$L was a closely watched meme coin ICO thanks to its airdrop and a June 17 tweet from Bitmex founder Arthur Hayes even speculating it could be the next Shiba Inu (SHIB).

What Is L The Memecoin?

L The Memecoin’s description on DEXTools, where it is one of the most trending cryptocurrencies – the #1 most viewed ‘hot pair’ right now – reads:

‘$L is the first airdrop that rewards you for your Twitter usage: all Twitter Blue subscribers are eligible, and the more clout you have [the more L tokens received].’

The ‘origin story’ of L The Memecoin stems from an Elon Musk tweet in 2021 that he likes Japanese manga series Death Note, and the character L Lawliet, known just as ‘L’.

$L is not yet listed on CoinMarketCap. According to DEXTools, the fully diluted L The Memecoin market cap is $10 million, with 3,200 holders at the time of writing.

Aiming to ‘create a genuine community of real people, not bots’ on Twitter, $L tokens will be airdropped to verified Twitter Blue accounts to ‘incentivize more people to subscribe to Twitter Blue’ and make use of Elon Musk’s platform.

According to its official site lthememecoin.com, $L uses a ‘proprietary algorithm’ to score how much a user’s Twitter account is worth in $L tokens.

Is L The Memecoin Airdrop Legit?

There has been some criticism of the L crypto project and its $L airdrop.

Crypto influencer Alex Krüger tweeted to his 154,000 followers that L The Memecoin was ‘the latest Andrew Lee grift’.

He went on to add that Lee ‘allegedly scammed people in other projects such as Quarkchain and Chromia’ and that ‘three of the projects Lee founded went to zero, two to almost zero’.

Elon Musk Tweets At New Meme Coin $WSM

While the billionaire Twitter CEO is yet to tweet about L The Memecoin, he has recently interacted with the Twitter account of upcoming meme coin presale Wall Street Memes (WSM).

Elon Musk has engaged with the @wallstmemes account on three occasions.

With a similar concept of creating a community of traders and investors – inspired by the 2021 meme stocks movement – $WSM is expected to have its IEO on Uniswap later this year.

The project is also hosting a $50,000 airdrop, which has attracted over 36,000 entries.

In its ongoing public presale which launched in late May, Wall Street Memes has raised over $10 million in seed round funding from early investors.

  Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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Arbitrum Airdrop Had Positive Impact on Adoption of Network Amid Negative Crypto Market Conditions

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Source: Arbitrum

According to a new report by blockchain analytics firm Nansen, the airdrop conducted by Arbitrum has led to an all-time high in both the number of users and transactions on the network. 

This development comes despite significant bearish sentiment in the broader markets.

And while the surge in usage at the time of the airdrop was expected, the report also pointed out that network usage has remained relatively high even after the airdrop was completed.

The increased usage was notable when compared to other networks like the layer-2 network Optimism, which saw stagnant and even falling usage over the same period.

Notably, Arbitrum even surpassed the usage seen on its base layer, Ethereum, on some days.

Daily Active Users of Arbitrum, Ethereum and Optimism in the past 6 months. Source: Nansen

Besides driving more sustained usage, the airdrop also sparked a rise in transaction fees on Arbitrum, which are paid in ETH.

The report noted that gas spending has been in an upward trend for much of this year, which was strengthened by the airdrop.

“It remains to be seen if this current trend will persist many more months after the airdrop,” the report added.

Gas Fee Spending on Arbitrum in the past 6 months (in ETH). Source: Nansen

In terms of the USD value of transactions processed on the network, the Nansen report observed a similar pattern: a sharp rise followed almost immediately by a decline post-airdrop.

Still, what can be seen is that transactions, on average, have maintained a higher USD value than before the airdrop, the report stated.

Arbitrum is a popular Ethereum layer-2 network often used to save on fees for instance when interacting with decentralized finance (DeFi) solutions.

Other popular layer-2 networks include Ethereum’s Optimism and Starkware, and Bitcoin’s Lightning Network.

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Hackers hijack Orbiter Finance’s Discord to article faux airdrop 

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Undesirable actors have compromised the Orbiter Finance Discord server. The hackers have posted a website link to a phony airdrop application on the system.

Orbiter Finance, a decentralized cross-rollup layer-2 bridge, is the most recent blockchain protocol to be specific by hackers.

Blockchain security and analytics platform CertiK Notify to begin with declared that hack by way of Twitter for the duration of the early hours of June 1. It urged the local community associates to chorus from interacting with the backlinks posted on the system.

The negative actors announced a phony ORB token start and airdrop event that will see 5,000,000 ORB tokens dispersed to users of the Orbiter Finance local community. 

The Orbiter Finance group has also confirmed the hack through Twitter, earning it clear that the group is working challenging to get back manage of its Discord server. 

🛸 Interest community!!! ⚠️⚠️⚠️ Orbiter Finance’s Discord was hacked, we are making an attempt our ideal to slove it, please don’t belief just about anything in the discord server. Will not click on on any one-way links!!!

— Orbiter Finance 🛸 (@Orbiter_Finance) June 1, 2023

Aside from orchestrating direct safety breaches of DeFi and web3 protocols, hackers are increasingly hijacking the social media handles of these initiatives to perpetuate their filthy acts and rip off unsuspecting victims. 

https://www.youtube.com/check out?v=g2jdK0k8aYU

As documented by crypto-information.se very last month, the Twitter account of Arthur Madrid, the CEO metaverse task, The Sandbox, was hijacked by hackers to spread a phishing fraud featuring consumers no cost SAND token airdrops.

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Sandbox CEO’s Twitter account hacked to market fake airdrop

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A Twitter account belonging to Arthur Madrid, the co-founder and CEO of The Sandbox, a metaverse challenge, was compromised not too long ago by an unfamiliar hacker.

The hacker applied the account to unfold a phishing scam that claimed to provide a no cost airdrop of SAND tokens, the native forex of The Sandbox.

Madrid regained manage of his account and warned his followers not to click on any suspicious one-way links or websites that did not match the official area title of The Sandbox (sandbox.video game). He also apologized for any inconvenience brought about by the hack.

The Sandbox’s official Twitter account also alerted its end users about the hack and the scam url, which directed buyers to a phony web page that questioned them to enter their own information and wallet addresses to assert the SAND tokens.

The Sandbox staff claimed they have been performing on getting down the rip-off web site and correcting the challenge as before long as probable. When likely to press, the scam web page was no lengthier accessible and showed a 404 mistake.

Phishing scams on the rise

Phishing attacks have turn out to be a prevalent challenge in the crypto neighborhood.

For occasion, on May 26, crypto-information.se reported that hackers experienced compromised a preferred Twitter account, @steveaoki, to market a crypto phishing fraud where unsuspecting end users misplaced more than $170,000.

Before in the year, quite a few Twitter consumers claimed that Robinhood’s official Twitter account had posted a tweet urging its 1.1 million followers to buy $.0005 for a token on the BNB Intelligent Chain termed “RBH.”

https://www.youtube.com/view?v=8NafHq2YY8A

Conor Grogan, head of product small business functions at Coinbase, claimed that at minimum ten consumers experienced acquired the faux coin for all-around $1,000 just before the article was taken off.

Crypto trade KuCoin’s account was also just lately hacked, with the attacker employing a faux giveaway method that pledged 5,000 bitcoins (BTC) and 10,000 ethereum (ETH) to celebrate the exchange’s 10 million consumers supposedly.

The hackers reportedly manufactured off with about $22,000 truly worth of ETH and BTC.

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Starbucks leverages internet3, announces NFT airdrop for decide on Odyssey customers

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Starbucks is stepping into the world-wide-web3 universe with plans to airdrop constrained-edition NFTs to eligible customers of its exclusive Odyssey benefits method.

In the hottest progress, Starbucks, the effectively-known coffeehouse chain, is established to present an NFT airdrop to users of its Odyssey rewards software, marking its important entry into the web3 arena.

To qualify for a “limited-version stamp”, a special electronic collectible, end users are necessary to fulfill specific ailments as outlined in an electronic mail to Odyssey associates, in accordance to a report.

The standards include getting a U.S. resident and remaining equally a Starbucks rewards member and an enrolled member of Starbucks Odyssey, the company’s remarkably predicted net3 rewards system, which debuted in beta in September 2022 and remains unique to a choose team.

Additionally, contributors ought to have finished two distinct “journeys” and previously be in possession of at minimum 1 constrained-edition NFT stamp. These “journeys” are distinctive issues end users can undertake to generate stamps that arrive with reward details.

An illustration may possibly contain viewing a unique Starbucks site or sampling a new beverage, as specific by a former Starbucks govt previous December.

Eligibility for the impending airdrop will be decided by regardless of whether all conditions have been fulfilled by a date specified by Starbucks, as for every the phrases of Starbucks Odyssey’s airdrop. Even so, the good print stipulates that recipients are unable to always pick their Stamp the preference continues to be at the sole discretion of Starbucks.

https://www.youtube.com/enjoy?v=0GvRkq7TVPM

Starbucks proceeds to categorical fascination in the electronic ownership sphere. Just lately, the corporation released the “First Store” NFT assortment, with lots of collectibles depicting the authentic Starbucks shop that opened its doors in downtown Seattle in 1971.

Impressively, more than the past 24 several hours, the 1st Keep assortment has topped the sales quantity charts on Nifty Gateway.

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NFT and Token Airdrop Fuel Enthusiasm for New Trending Meme Coin $COPIUM

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Source / $COPIUM

There’s a new player shaking up the meme coin vertical, $COPIUM, poised to disrupt the market, packing the punch with an exciting NFT and token airdrop event on the horizon.

This captivating event is drawing the gaze of crypto enthusiasts, particularly with the unique utility and lucrative prospects it presents.

$COPIUM is an audacious meme coin that doesn’t shy away from the spotlight.

Fresh off its launch on Uniswap on May 18, 2023, the coin is already sparking a buying frenzy.

The price has skyrocketed from $0.005072 to $0.06993, a stunning 36% increase, positioning itself on a bullish trendline.

Source / $COPIUM

Unveiling the Insane $COPIUM Burn: Turning up the Heat on Price Action

This impressive rally owes much to the planned token burn event yesterday – a staggering 30% of the total $COPIUM supply was incinerated, significantly reducing the number of tokens in circulation, thus increasing the value of remaining coins.

But $COPIUM isn’t stopping at yesterday’s burn – with more burns planned – the team plans to lock liquidity shortly after the event, signalling a strong commitment to long-term success.

This move not only injects confidence into the project but also secures it against potential ‘rug pulls,’ reinforcing stability in the market.

Simultaneously, $COPIUM is catching the eyes of influential figures on crypto Twitter, with Faze Banks, DeeZe, Cozomo de’ Medici, and Foobar among the growing list of backers.

A Unique Meme Coin Initiative: Fueling the NFT Copium Tank

Source / $COPIUM

However, $COPIUM doesn’t solely ride the meme coin wave; far beyond just hype – it brings tangible utility to the table.

Unlike other meme coins that merely rely on community engagement and short lived traction, $COPIUM is the native asset of an NFT reward airdrop ecosystem, complete with exclusive giveaways and product deals.

This unique dynamic sets it apart, painting a promising picture for its future.

And testament to that, $COPIUM’s burgeoning community is another feather in its cap, boasting over 18,000+ followers on Twitter and 2,250+ members on Telegram.

These growing numbers signal a robust community that’s invested in the coin’s long-term success.

Intrigued yet? Here’s how you can acquire $COPIUM:

1. Open a Wallet: You’ll need a digital wallet. Metamask and Trust Wallet are two popular options.

2. Buy Ethereum (ETH): You’ll need to acquire ETH, which you can purchase from exchanges such as Binance or Coinbase.

3, Connect to Uniswap: Link your wallet to Uniswap and enter the $COPIUM token contract address.

4 Swap for $COPIUM: Use Uniswap to swap your ETH for $COPIUM.

5. Verify the Transaction: Make sure you’ve received your $COPIUM tokens in your wallet.

You can also buy directly from Copium.Club.

Remember, $COPIUM is not just a meme coin—it’s a new era of blockchain creativity with the backing of a strong community and visionary team.

Join the $COPIUM journey today and be part of the next big thing in the crypto space.

Don’t miss out yet again.

Buy $COPIUM Here

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