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What Are “Frozen” Crypto Airdrops?

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Airdrops are very common now, but what’s much less common are frozen airdrop crypto scams. You may wonder how it’s possible to be scammed by receiving free crypto, but that’s just the beginning.

https://youtu.be/SRG4Ur4W2Q8

There are multiple variations of the “Frozen drop,” such as needing more crypto to transact, paying to unlock your crypto, or needing to go through a third party for some conversion. A few things they all have in common is, typically they give you a lot of crypto supposedly valued at a high price, it’s frozen and unable to used, and lastly you need to do something in order to acquire the full value you’ve been promised.

 

The idea is that you get so excited and operate in a euphoric state thinking you’ve been gifted thousands of dollars and so you’ll scramble through the small obstacles thrown your way, but then you end up losing tons of money in sketchy smart contracts or paying to “unlock” your crypto.

 

The main red flag is that you shouldn’t have to work for something after you receive it and you usually have to do some action to claim your crypto. Most legitimate airdrops require you to claim them yourself and don’t just give away crypto for free because the amount of transactions would cost an exorbitant amount of gas fees and it’s meant for marketing not breaking the bank. Also most legitimate airdrops will expire over time too.

 

Some of the frozen drops I’ve received and cover in this video are MNE, KICK, P2PS, and Deapy.org. These are just a few examples of ERC20 tokens, but this still applies to all smart chains out there.

 

Also do note that if you mention issues with Metamask or similar topics, there are now Twitter bot armies that show up and refer you to a fake scam Metamask support team. That’s a more obvious scam, but worth noting.

 

https://earni.fi/ is a great service for you to check for legitimate airdrops you are able to claim and I’ve previously covered it as well as interviewed the founder.

 

Have you ever been scammed in the cryptoverse? Have you ever received an airdrop? Have you encountered a frozen drop before? Let me know what you think about this in the comments below and don’t forget to subscribe!

 

*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*

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Comments

Hi, I'm newbie here. Thanks for the information Mr. Scott

$ 0.00
1 month ago

Im a newbie with these kind of stuffs ,so its very informative on my side, thank you

$ 0.01
1 month ago

I used to joun heaps of airdrop. Yet, at whatever point it's an ideal opportunity to guarantee, they make me pay something first. What I do is block them right away

$ 0.01
1 month ago

It got me one time and it's because I'm not familiar with crypto before it pays for a few days then after that it became a scheme. Now it doesn't work on me.hahaha I've learn from my experiences, I lose a few bucks but I gain more now.

$ 0.00
1 month ago

The latest coin is the Hana coin. How can they give you around 100 USD dollars in exchange for nothing? In the end, they asked 10 TRX to send the coins to the wallets. Now we have 100 USD worth of Hana coin in our wallets. We want to exchange them in somewhere. We are not sure if something extra will be asked of us...

$ 0.01
1 month ago

Nope, once they ask for a deposit it’s already a red flag. I always apply that rule and it keeps me safe from those scammers. Lol!

$ 0.01
1 month ago

There are many scam between them and in my opinion they are not worth the time...

$ 0.01
1 month ago

The first thing that comes to my mind in regards with these frozen crypto airdrops is the Kick token. As many others, I also receive 888,888 kick token though I'm not sure when exactly. And rumor was that you'd have to deposit in their site to be able to unlock these frozen crypto. But with me having no funds at that time, they eventually pulled out all the tokens and I cannot see them in my wallet as of now haha.

$ 0.01
1 month ago

I used to joun lots of airdrop. But whenever it's time to claim, they make me pay something first. What I do is block them immediately..

$ 0.01
1 month ago

The first time I see these frozen tokens existed is in TRON chain. And funnily, the first token they try to scam people off is $SHIB token (and later a lot of other tons of weird coins and impersonate tokens), and it pushes people to go to this specific site that looks really dodgy.

I have checked with the original accounts in Twitter including Shiba Inu account, and they confirmed the ones on Tron chain are mostly scams.

$ 0.01
1 month ago

Nice. I go by the basic rule of thumb: If it sounds too good to be true, it's because it is.

$ 0.01
1 month ago

I have been scammed several times. And I get fake airdrops that always end up asking you for money in order to withdraw the funds. I have also claimed legitimate airdrops and got paid :)

$ 0.01
1 month ago