Social-media impersonation scam spike
Ethena's assessment for RD-F-109 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Sustained impersonation campaign documented: Claim Ethena Scam (Jul 2025, Nov 2025 — fake airdrop claiming sites), ENA Rewards Scam (Feb 2026 — draining wallet connector). The Sep 2024 domain registrar compromise was the most severe instance (actual ethena.fi phishing). The campaign is ongoing across 18+ months with multiple documented instances. Chainalysis 2026 Crypto Crime Report notes crypto impersonation scams surged 1400% YoY in 2025. Signal is tier-C (advisory only, does not flip grade) per T-09 classification.
Sources #
- URLEthena ENA Rewards Scam | PCRiskPCRisk: ENA Rewards Scam — Feb 2026 instance documentedretrieved 2026-04-28
- Claim Ethena Scam | PCRiskPCRisk: Claim Ethena Scam — Jul 2025 and Nov 2025 instances documentedretrieved 2026-04-28
Methodology #
Detect a sharp uptick in Discord/Telegram/X accounts impersonating the protocol team or announcing fake airdrops.
See the full factor methodology and distribution across all protocols →