‘Solana Killer’ Monad Faces Phishing Wave Days After Public Debut

• Monad developers warn of fake ERC‑20 transfers used in phishing scams, though the network itself remains uncompromised
• Dubbed a ‘Solana killer’, Monad launched with 250+ projects and nearly 10,000 holders
• Despite early volatility, the token surged ~100% in 24 hours, reaching a $525 million market cap and $1.36 billion daily volume

It’s only been two days since Monad’s mainnet release, and the developers already have a problem on their hands. 

Reportedly, scammers are creating fake tokens and defrauding newcomers interested in investing in the nascent blockchain solution.

Related: Monad (MON) Surges 42% as Mainnet Launch Goes Live With $105M Airdrop

‘Fake’ Transfers: CTO Explains the Phishing Vector

Earlier this week, Monad co-founder and chief technology officer James Hunsaker took to X to warn about emerging scams: “Warning – there are fake ER…

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