I. Thesis

Distinguishing between legitimate airdrops and deceptive, malicious airdrop tokens is an increasingly difficult challenge faced by cryptocurrency users.

Cybersecurity specialist group Privacy Affairs estimated that in 2022 alone, roughly $4.3 billion was stolen by scammers, representing a 37% increase from the previous year.
(Source: https://www.privacyaffairs.com/cryptocurrency-scams-2022/)

With the advent of significantly cheaper means to distribute “dusting attacks” and airdrops that lure users to counterfeit front-ends or DApps, users must rely primarily on word-of-mouth from other community members to confirm that certain projects are low-risk and ‘safe to use’. These malicious airdrops are capable of social-engineering users, tricking them into unwittingly granting unlimited wallet spend permissions. Once allowances are given to attackers, they are able to drain victims’ wallets of either a specific asset or “rinse” the wallet of all funds.

To provide a more formal and verifiable method of confirming that an airdrop has been reviewed to be free of such “red flags,” while simultaneously incentivizing users to adopt Security Best Practices, we have created the B9 Token and the framework in which it is utilized.