Muon Airdrop Scam
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Muon Network offers a solution for decentralized applications (dApps) to move their off-chain components to a decentralized environment. There have been concerns raised about a token claiming to be Muon, a sophisticated scam. They also noted changes in the token's supply on the new token, emphasizing the importance of paying attention to such details.
This is a global/international case not involving a specific country.[1][2][3][4][5]
About Muon Network
"Muon Network Decentralize all Off-Chain Components of your dApp. Verify, process & access your critical app-data on a permissionless oracle network and enjoy its fast modular security architecture."
"Data feeds provided by oracles are vulnerable to attacks and manipulation. The server on which an oracle component is run may be hacked and the private key used to sign data feeds can be abused to feed manipulated data to the smart contract. This is why, in addition to developing a simple oracle function, dApps need to deal with implementing solutions for complicated security issues."
"As a viable alternative, dApps can focus on the development of the oracle function as a Muon app and depend on the multi-layer security scheme that Muon has devised. In simple words, a Muon app refers to an oracle app that is deployed and runs on the Muon network to fetch and process data and generate an output that can be fed to a smart contract reliably."
"Dont interact with that token in any way, I am digging into it. Sophisticated scam."
"This $MUON airdrop is scam."
"The supply was changed to 1B lately, details matter."
This is a global/international case not involving a specific country.
The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.
Include:
- Known history of when and how the service was started.
- What problems does the company or service claim to solve?
- What marketing materials were used by the firm or business?
- Audits performed, and excerpts that may have been included.
- Business registration documents shown (fake or legitimate).
- How were people recruited to participate?
- Public warnings and announcements prior to the event.
Don't Include:
- Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
- Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.
The Reality
This sections is included if a case involved deception or information that was unknown at the time. Examples include:
- When the service was actually started (if different than the "official story").
- Who actually ran a service and their own personal history.
- How the service was structured behind the scenes. (For example, there was no "trading bot".)
- Details of what audits reported and how vulnerabilities were missed during auditing.
What Happened
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
| Date | Event | Description |
|---|---|---|
| April 24th, 2022 10:52:00 PM MDT | Tweet Warning | A warning tweet is shared by DeusDAO's lafachief. |
Technical Details
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?
Total Amount Lost
The total amount lost is unknown.
How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
Immediate Reactions
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?
Ultimate Outcome
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?
Total Amount Recovered
There do not appear to have been any funds recovered in this case.
What funds were recovered? What funds were reimbursed for those affected users?
Ongoing Developments
What parts of this case are still remaining to be concluded?
Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ @lafachief Twitter (Oct 26, 2022)
- ↑ MuonNetwork | Address 0x504f82e31d56e7ca6cb195b35797821981dc9070 | FtmScan (Nov 9, 2022)
- ↑ Fantom Transactions Information | FtmScan (Sep 14, 2023)
- ↑ Home - Muon Network (Sep 14, 2023)
- ↑ Introduction to Muon Apps — Muon 0.1 documentation (Sep 14, 2023)