Crypto airdrops are a way for Web3 projects to gain users but fake airdrops can be conducted by scammers to drain wallets.
Key red flags for spotting fake airdrops include no announcement from official channels, requests for seed phrases or private keys, upfront fee payments, suspicious websites, urgent language and poor grammar, and fake social proof.
To avoid falling victim to fake airdrops, always confirm legitimacy from official project channels, never share seed phrases or private keys, ignore requests for upfront payments, verify website URLs, be cautious of urgent language and poor grammar, and do independent research on social proof.
Being cautious and verifying the legitimacy of crypto airdrops is crucial to avoid falling prey to scammers in the crypto space.