Solana-Based METAL Takes Over Crypto
The iconic heavy metal band Metallica recently announced a collaboration with the popular videogame Fortnite. The collaboration seemingly aims to bring the band’s music to a new demographic of music enjoyers.Nonetheless, the announcement was eclipsed by the Metallica X account’s failed “attempt” to “join” a different community. On Tuesday night, the account shared a post offering a Solana-based token to their fans.
Unlike other celebrity memecoin scams, the token offered utility from the get-go. Users who used METAL to buy concert tickets would receive exclusive Ticketmaster discounts of up to 25%. METAL holders would also get the chance to win free tickets through “exclusive airdrops.”
The X posts announced three signed “insanely rare Metal Token Xbox Series X consoles” for the token holders. Additionally, it promised the METAL token would “seamlessly integrate into your shopping experience, powered by the reliability of Solana for effortless transactions.”Master Of Tokens Or Master Of Nothing?
Metallica fans and crypto investors quickly became wary of the posts. Users began debating whether the announcements were fake and if the account had been hacked. One X user the band would not “ruin their reputation by launching a shitcoin” and rugging it.Despite the user’s initial suspicion, several users fell into the meticulously planned scam. As a community member pointed out, the graphics for the posts, and the posts themselves, were “pretty well done.” The attackers also assured users that METAL was not a scam and the band was “in it for the long haul.”
The hacker also claimed that the crypto payment company MoonPay was collaborating with the band. However, the company quickly their involvement, stating that the responsible for the hack was not the master of puppets but the “master of scams.”