Monad co-founder flags Telegram ad scam in official channel ahead of airdrop

Monad co-founder Keone Hon has alerted users to a scam involving fake advertisements in the project’s official Telegram channel. These malicious ads mimic the claims portal related to Monad's upcoming airdrop, which is set to occur on October 17. Hon urged users to refrain from clicking on these ads, emphasizing that they do not need to act urgently. He reassured the community that there is no immediate rush, as the claim portal will remain accessible for three weeks. The incident highlights risks as scammers exploit increased user interest surrounding the airdrop. While the advertisements breached Telegram’s advertising policies, which prohibit deceptive and phishing-related content, the situation raises concerns about the platform's ad vetting processes. As Monad prepares for its token generation event, anticipation for the MON token is reflected in its initial trading price on Hyperliquid, suggesting strong investor interest in the new layer-1 blockchain designed for enhanced scalability and performance.

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