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‘Peaceful World’ Token Spoofs Traders Ahead of Now-Canceled Ukraine Airdrop
The WORLD tokens spotted earlier on Etherscan were a spoof of the country's now-canceled airdrop.
The "peaceful world" crypto token project was a spoof of Ukraine's much-anticipated (and now-canceled) airdrop.
- Transactions on blockchain explorer Etherscan that appear as if the official Ukraine Donation Wallet is airdropping tokens to wallet addresses seem to be controlled by an outside party.
- "What happened is they made the token transferrable by anyone without approvals," explained Twitter user @razoreth. "All you need to do is send all the tokens to a wallet and use their airdrop function to send tokens out from that wallet."
- Etherscan has since flagged the token address as spam. "This token is reported to have been used for misleading people into believing it was sent from a well-known address and may be spam or phishing. Please treat it with caution," a notice on the site reads.
- After the initial publication of this article, Ukraine's minister of digital transformation announced the planned airdrop was being canceled.
Peaceful World token rumored to be airdropped by the Ukrainian government are suspected to be fake and have been marked by Etherscan as a problem address, said this token is misleading to make people believe that it was sent from a well-known address, which is prone to fraud. pic.twitter.com/e3mYWltRHW
— Wu Blockchain (@WuBlockchain) March 3, 2022
STORY CONTINUES BELOW
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UPDATE (March 3, 10:46 UTC): Adds Etherscan notice.
UPDATE (March 3, 13:08 UTC): Adds announcement of airdrop cancellation.
UPDATE (March 3, 13:39 UTC): Changes headline.
Tracy Wang
Tracy Wang was the deputy managing editor of CoinDesk's finance and deals team, based in New York City. She has reported on a wide range of topics in crypto, including decentralized finance, venture capital, exchanges and market-makers, DAOs and NFTs. Previously, she worked in traditional finance ("tradfi") as a hedge funds analyst at an asset management firm. She owns BTC, ETH, MINA, ENS, and some NFTs.
Tracy won the 2022 George Polk award in Financial Reporting for coverage that led to the collapse of cryptocurrency exchange FTX. She holds a B.A. in Economics from Yale College.
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
