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Monad Warns of Fake Claim Ads in Telegram Official Channel

Key Takeaways

  • ​Misleading ads imitating Monad’s claim page appeared in its Telegram official channel before the token drop;
  • Co-founder Keone Hon warned users to avoid the ads and verify all links before acting;
  • The fake ads broke Telegram’s rules on phishing and false financial promotions.

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Monad Warns of Fake Claim Ads in Telegram Official Channel

Misleading ads appeared inside Monad’s official Telegram announcement channel before its upcoming token distribution.

Co-founder Keone Hon shared the news on X to alert the community. He warned users not to click on any advertisements shown in the channel, which is usually reserved only for official updates from Monad.

The warning comes before Monad’s airdrop is set to go live at 1:00 PM UTC on October 14.

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Hon also raised concerns that Telegram allows paid content to show up even in such controlled spaces. He said, "Crazy that Telegram will push content directly into a channel that otherwise only contains content from one party".

Hon reminded everyone that there is no need to rush, as the claim window will stay open for three full weeks. He said:

Do not act with urgency, and always triple-verify before doing anything.

According to Telegram’s platform policies, the ads broke rules about misleading content, unauthorized software, and fake financial services. Telegram’s guidelines also ban any ads that involve phishing or attempts to trick users into sharing personal information.

Meanwhile, Monad’s yet-to-launch token, MON, has already started trading on Hyperliquid’s futures platform. Its current trading price is about $0.07, which suggests a total token value of around $7 billion, based on its maximum supply of 100 billion tokens.

On October 1, the official X account linked to BNB BNB $1,186.65 Chain was taken over by hackers. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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