The Rise of Scams in the Crypto and NFT Sectors
Unfortunately, the amount of funds lost due to hacks, scams, and exploits in the cryptocurrency and non-fungible token (NFT) sectors has reached its peak this year. Scammers and hackers are relentless in their pursuit of scam attacks. In the latest incident, scammers have successfully stolen nine NFTs through a phishing attack.
Scammers Target Blue-chip Azuki NFTs
A blockchain security company called PeckShield confirmed that unknown scammers used a phishing attack to drain nine Azuki NFTs. The phishing link, known as Fake Phishing 187019, targeted NFTs such as Azuki #2098, Azuki #2295, and Azuki 4585.
#PeckShieldAlert #Phishing #Fake_Phishing187019 has stolen 9 NFTs #Azuki and ~53 $ETH from sliu[.]eth pic.twitter.com/Zv9VtRwSrf
— PeckShieldAlert (@PeckShieldAlert) October 20, 2023
PeckShield is a blockchain security company established in 2018. Their mission is to enhance the security, privacy, and usability of the blockchain ecosystem through their top-notch services and products. The company has successfully detected and investigated numerous crypto scams and hacks.
Recent Crypto and NFT Scams
This recent scam follows a warning from The Sandbox, an Ethereum-based metaverse and gaming ecosystem. The Sandbox alerted the crypto and NFT community about potential scam attempts involving phishing links related to The Sandbox Whitelist Beta Testing.
⚠️ Beware of a new SCAM attempt! ⚠️
There is no “The Sandbox Whitelist Beta Testing” currently going on.⛔️Do not trust this email and do NOT click on the DOWNLOAD buttons. Report the email as PHISHING directly.
🥽 Stay safe and always check with official @TheSandboxGame in… pic.twitter.com/DiBe4DFLPM
— Sebastien 🏞 (@borgetsebastien) October 19, 2023
It’s important to note that even prominent figures like Mark Cuban, the owner of the Dallas Mavericks, have fallen victim to scams. Cuban lost over $870,000 in a crypto hack after unknowingly downloading the MetaMask mobile app alongside some phishing links.
Stay Vigilant Against Scammers
Just a few weeks ago, hackers breached Ethereum co-founder Vitalik Buterin’s Twitter account to promote a fake NFT giveaway. This incident resulted in victims collectively losing over $691,000. It’s crucial for crypto and NFT investors to remain vigilant as scammers and hackers continue their stealing spree.
Hot Take: Protect Your Crypto Assets from Scammers
The rise of scams in the crypto and NFT sectors is alarming. Scammers are constantly finding new ways to deceive and steal from unsuspecting individuals. To protect your hard-earned crypto assets, it’s essential to stay informed about the latest scams and phishing attempts. Be cautious when clicking on unfamiliar links or providing personal information. Always double-check the legitimacy of any email or message claiming to be from a crypto platform or project. By staying vigilant and taking necessary precautions, you can minimize the risk of falling victim to scams and keep your investments safe.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.