What kind of scam is the "Arrow Finance ($ARROW) Vote Rewards Scam"?

Phishing/Scam

Also Known As: Arrow Finance ($ARROW) Vote Rewards crypto drainer

Damage level:

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What is the fake "Arrow Finance ($ARROW) Vote Rewards Scam"?

While investigating dubious sites, our researchers discovered proposal-arrow[.]info, a fraudulent page impersonating the legitimate Arrow Finance platform. The site promotes a fake "$ARROW Community Distribution Date Proposal," urging visitors to vote within 24 hours to receive a bonus token allocation. In reality, proposal-arrow[.]info is a cryptocurrency drainer designed to steal digital assets from anyone who connects their wallet.

Arrow Finance ($ARROW) Vote Rewards Scam

IMPORTANT NOTE: We do not review crypto projects, please do your own research when investing money.

Federal Trade Commission (FTC) states that since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that's about one out of every four dollars reported lost, more than any other payment method.

"Arrow Finance ($ARROW) Vote Rewards Scam" in detail

Arrow Finance (arrowfinance.io) is a legitimate DeFi lending protocol built on Robinhood Chain. It allows users to supply crypto, stablecoins, or tokenized equities as collateral, mint aUSD against them, and keep their upside without selling.

The fraudulent site at proposal-arrow[.]info copies the Arrow Finance interface and presents a "$ARROW Community Distribution Date Proposal." It claims that participants who vote within the first 24 hours qualify for a bonus $ARROW allocation when the distribution takes place. No such distribution exists.

To make the page appear authentic, it displays fabricated statistics: a total value locked figure, aUSD outstanding, collateral ratio, and stability pool balance. These numbers are invented and have no connection to the real Arrow Finance protocol.

Clicking the "Vote Now" button triggers a "Connect Wallet" dialog. It lists MetaMask, Trust Wallet, Binance Wallet, SafePal, WalletConnect, and over 540 additional cryptocurrency wallet options.

Once a wallet is connected, a cryptocurrency drainer is activated. This malicious tool uses the established wallet permission to automatically transfer the victim's digital assets to an attacker-controlled address. The funds leave immediately.

Blockchain transactions are irreversible by design, so stolen cryptocurrency cannot typically be recovered after the transfer is confirmed.

Always verify that a site is officially affiliated with the project before connecting a wallet. Check the URL against the project's official communication channels, and never interact with unsolicited governance or reward proposals.

Threat Summary:
Name Arrow Finance ($ARROW) Vote Rewards crypto drainer
Threat Type Phishing, Scam, Social Engineering, Fraud, Cryptocurrency Drainer
Fake Claim Users who vote within 24 hours qualify for a bonus $ARROW token allocation
Disguise Legitimate Arrow Finance governance proposal
Related Domain(s) proposal-arrow[.]info
Threat Status (proposal-arrow[.]info) PCrisk Website Scanner Results
Symptoms Unofficial domain, lack of official verification, unrealistic claims, too good-to-be-true promises
Distribution methods Fake social media accounts, deceptive websites, rogue online advertisements
Damage Cryptocurrency theft
Malware Removal (Windows)

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Conclusion

Proposal-arrow[.]info is a fraudulent site that impersonates the Arrow Finance governance portal to trick visitors into connecting their cryptocurrency wallets. Its purpose is to steal digital assets using an automated drainer tool.

Many fake websites like proposal-arrow[.]info closely replicate legitimate platform interfaces to appear credible. Users who fall for such scams typically lose their funds with no possibility of recovery. Some examples of similar scams are "TokenWorks Voting Rewards", "The Black Bull ($ANSEM) Airdrop", and "$Qubit Airdrop".

How did I open a scam website?

Scammers frequently distribute fake DeFi and governance pages through stolen or fabricated social media accounts on platforms like X (formerly Twitter) and Discord. Impersonating official project accounts makes the promotion appear far more credible than it is.

Users can also land on these pages via misleading ads on torrent sites or illegal streaming services, phishing emails containing deceptive links, rogue advertising networks, or notifications permitted from untrustworthy websites. Adware installed on a device may also push users toward pages of this kind.

How to avoid visiting scam pages?

Keep your operating system and installed applications up to date, and download software only from official sources or reputable app stores. Do not click links in unexpected emails, especially those promising rewards, bonus allocations, or time-limited offers.

Stay cautious around pop-ups, banners, and links on unfamiliar or low-quality websites. Do not grant notification permissions to sites you do not fully trust. If your computer is already infected with unwanted apps, we recommend running a scan with Combo Cleaner Antivirus for Windows to automatically eliminate them.

The appearance of "Arrow Finance ($ARROW) Vote Rewards Scam" (GIF):

Appearance of Arrow Finance ($ARROW) Vote Rewards Scam (GIF)

The official Arrow Finance website (arrowfinance.io):

Arrow Finance ($ARROW) Vote Rewards Scam real website (arrowfinance.io)

Instant automatic malware removal:

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How to identify a pop-up scam?

Pop-up windows with various fake messages are a common type of lures cybercriminals use. They collect sensitive personal data, trick Internet users into calling fake tech support numbers, subscribe to useless online services, invest in shady cryptocurrency schemes, etc.

While in the majority of cases these pop-ups don't infect users' devices with malware, they can cause direct monetary loss or could result in identity theft.

Cybercriminals strive to create their rogue pop-up windows to look trustworthy, however, scams typically have the following characteristics:

  • Spelling mistakes and non-professional images - Closely inspect the information displayed in a pop-up. Spelling mistakes and unprofessional images could be a sign of a scam.
  • Sense of urgency - Countdown timer with a couple of minutes on it, asking you to enter your personal information or subscribe to some online service.
  • Statements that you won something - If you haven't participated in a lottery, online competition, etc., and you see a pop-up window stating that you won.
  • Computer or mobile device scan - A pop-up window that scans your device and informs of detected issues - is undoubtedly a scam; webpages cannot perform such actions.
  • Exclusivity - Pop-up windows stating that only you are given secret access to a financial scheme that can quickly make you rich.

Example of a pop-up scam:

Example of a pop-up scam

How do pop-up scams work?

Cybercriminals and deceptive marketers usually use various advertising networks, search engine poisoning techniques, and shady websites to generate traffic to their pop-ups. Users land on their online lures after clicking on fake download buttons, using a torrent website, or simply clicking on an Internet search engine result.

Based on users' location and device information, they are presented with a scam pop-up. Lures presented in such pop-ups range from get-rich-quick schemes to fake virus scans.

How to remove fake pop-ups?

In most cases, pop-up scams do not infect users' devices with malware. If you encountered a scam pop-up, simply closing it should be enough. In some cases scam, pop-ups may be hard to close; in such cases - close your Internet browser and restart it.

In extremely rare cases, you might need to reset your Internet browser. For this, use our instructions explaining how to reset Internet browser settings.

How to prevent fake pop-ups?

To prevent seeing pop-up scams, you should visit only reputable websites. Torrent, Crack, free online movie streaming, YouTube video download, and other websites of similar reputation commonly redirect Internet users to pop-up scams.

To minimize the risk of encountering pop-up scams, you should keep your Internet browsers up-to-date and use reputable anti-malware application. For this purpose, we recommend Combo Cleaner Antivirus for Windows.

What to do if you fell for a pop-up scam?

This depends on the type of scam that you fell for. Most commonly, pop-up scams try to trick users into sending money, giving away personal information, or giving access to one's device.

  • If you sent money to scammers: You should contact your financial institution and explain that you were scammed. If informed promptly, there's a chance to get your money back.
  • If you gave away your personal information: You should change your passwords and enable two-factor authentication in all online services that you use. Visit Federal Trade Commission to report identity theft and get personalized recovery steps.
  • If you let scammers connect to your device: You should scan your computer with reputable anti-malware (we recommend Combo Cleaner Antivirus for Windows) - cyber criminals could have planted trojans, keyloggers, and other malware, don't use your computer until removing possible threats.
  • Help other Internet users: report Internet scams to Federal Trade Commission.

Frequently Asked Questions (FAQ)

What is a fake crypto voting rewards scam?

These scams present fake governance proposals or distribution events, claiming that users who take a specific action within a time window will receive bonus token allocations. They are built to mimic the appearance of legitimate project communications to seem trustworthy.

What is the purpose of a crypto scam?

The aim is to steal cryptocurrency. Scams of this type typically do so by prompting victims to connect a wallet, then using that connection to automatically transfer funds to addresses controlled by the scammers.

Why do I encounter fake websites?

Fraudulent pages are spread through compromised or impersonated social media accounts, phishing emails, and rogue advertising networks. Users may also reach them via misleading pop-ups or links on unsafe websites, or through adware running on their device.

Will Combo Cleaner protect me from scams?

Combo Cleaner can detect and flag potentially dangerous websites, including pages that host cryptocurrency drainer scams, and warn users before they interact with them.

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Tomas Meskauskas

Tomas Meskauskas

Expert security researcher, professional malware analyst

I am passionate about computer security and technology. I have an experience of over 10 years working in various companies related to computer technical issue solving and Internet security. I have been working as an author and editor for pcrisk.com since 2010. Follow me on Twitter and LinkedIn to stay informed about the latest online security threats.

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