Airdrops have become a popular way for crypto projects to reward early adopters and build community engagement. But in 2025, the rise of sophisticated phishing campaigns has made it harder to distinguish between genuine giveaways and dangerous scams. One of the latest targets? The Hyperswap ($SWAP) airdrop.
This article breaks down the legitimacy of the Hyperswap airdrop, red flags to watch for, and how to protect your wallet from crypto drainers.
Hyperswap is a decentralized exchange (DEX) built on the HyperEVM blockchain, designed for fast, permissionless token swaps. The official platform—hyperswap.exchange—integrates with popular dApps and supports HyperEVM-native assets. It’s part of a growing ecosystem focused on scalability and interoperability.
In mid-2025, a fake airdrop campaign surfaced using a spoofed domain—dapp-hyperswap.network—that closely mimicked the real Hyperswap site. This scam site advertised a $SWAP token giveaway and prompted users to connect their wallets to check eligibility. Once connected, a crypto drainer was activated, silently transferring funds from victims’ wallets without further interaction.
This type of scam is part of a broader trend. In 2024 and 2025, fake airdrops targeting projects like Hamster Kombat and Wall Street Pepe led to over $9.9 billion in global crypto losses.
Before connecting your wallet to any airdrop site, look for these warning signs:
Suspicious URLs: Always verify the domain. Fake sites often use slight variations of the real name.
No official announcement: If the airdrop isn’t mentioned on the project’s verified social media or website, it’s likely fake.
Requests for private keys or seed phrases: Legitimate airdrops never ask for sensitive wallet credentials.
Unrealistic rewards: Promises of large token amounts for minimal effort are often bait.
Grammar errors and poor design: Many scam sites lack professional polish.
Only connect your wallet to verified domains like hyperswap.exchange.
Use a burner wallet for testing unknown dApps.
Revoke token approvals regularly using tools like Revoke.cash.
Monitor wallet activity with platforms like Debank or Etherscan.
Never share your seed phrase or private key—no legitimate project will ask for it.
A: The official Hyperswap platform has not confirmed any active airdrop. Fake sites are impersonating the brand to steal funds.
A: You risk activating a crypto drainer that can automatically transfer your funds. These transactions are irreversible.
A: Check the project’s official website and social media channels. Look for announcements, eligibility criteria, and community feedback.
A: Unfortunately, blockchain transactions are final. Once funds are drained, recovery is nearly impossible.
A: Use Revoke.cash to manage token approvals, and Debank to monitor wallet activity. Always double-check URLs before connecting.
The Hyperswap airdrop scam is a textbook example of how convincing phishing campaigns have become in 2025. While Hyperswap itself is a legitimate DEX, the fake airdrop circulating online is designed to drain wallets and steal funds. Always verify sources, use trusted tools, and stay vigilant—because in crypto, one wrong click can cost everything.
Stay safe and explore the real Hyperswap platform at https://hyperswap.exchange.