Fake token transfers on Monad emerged shortly after the network’s launch, with bad actors spoofing ERC-20 transactions to impersonate legitimate activity. Monad’s CTO James Hunsaker confirmed these spoofing attempts are not bugs but malicious smart contracts mimicking real transfers without wallet approvals, urging users to verify transactions carefully. Bad actors initiated spoofing within 48 hours […]
Source: https://en.coinotag.com/monad-cto-warns-of-spoofed-mon-token-transfers-after-network-debut