APRIL 2024




"Wormhole is a cross-chain bridge protocol facilitating investors to swiftly convert assets across various blockchains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, etc. The project tackles the interoperability issue of decentralized applications (dApps) and smart contracts to realize its platform's mission.


On April 3rd, Wormhole announced the allocation of 617 million W tokens (equivalent to 6.75% of the total supply) for the airdrop. Eligible participants will share rewards of up to $896 million."


"More great news for Wormhole Wednesday:


Wormhole's $W distribution has been extended as planned. All users, regardless of whether they have previously claimed, are now eligible to claim additional $W tokens."


"On April 4th, the official Twitter account of Wormhole founder Robinson Burkey posted malicious links shortly after the platform announced an airdrop campaign. Investors suspect hackers used viruses to carry out unauthorized access. The account quickly switched to private mode."


"After announcing the airdrop, the Twitter account of the Wormhole founder, account X, was attacked by hackers who posted fraudulent links."


"The CEO of Jito Labs, a developer of Solana's ecological MEV infrastructure, stated on social media that the Twitter account of Wormhole co-founder Robinson Burkey has been hacked and please do not click on any links."


"X account of Robinson Burkey, co-founder and CCO of Wormhole is apparently hacked and posting malicious links."


"Currently, Robinson Burkey's account is back to normal operation, with scam posts being warned about harmful links. However, there is still no estimate of the extent of the damage."


"Analysts comment that further attacks may occur due to the attraction of Wormhole's $850 million airdrop event. Blockchain expert ZachXBT warns investors to be cautious of comments under the project's official posts, as there are hundreds of comments, scam accounts, and even Twitter verified accounts involved.


For example, many investors perceive Memecoin Warmhole as a scam, riding on the coattails of Wormhole. However, the project quickly grew its market capitalization from $100,000 to $8.3 million, an 83% increase in six hours.


The W token was listed on Binance on April 3rd at $0.05 and other exchanges. According to CoinMarketCap data, the W token is trading at $1.13 with a market capitalization of over $2 billion."

Robinson Burkey is a co-founder of the wormhole cross-chain bridging protocol. Wormhole announced an airdrop on April 3rd of 617 million W tokens as part of their protocol marketing. Shortly after a number of legitimate posts about the launch of the new token, Robinson Burkey's Twitter account was breached and scammers posted another announement about the airdrop, guiding users to a new website which they had set up. Websites such as these commonly trick users into sending funds or approving wallet access, which allows the scammers to drain funds from their wallet.

Sources And Further Reading

 For questions or enquiries, email info@quadrigainitiative.com.

Get Social

  • email
  • reddit
  • telegram
  • Twitter

© 2021 Quadriga Initiative. Your use of this site/service accepts the Terms of Use and Privacy Policy. This site is not associated with Ernst & Young, Miller Thompson, or the Official Committee of Affected Users. Hosted in Canada by HosterBox.