Software engineer falls victim to crypto phishing scam
A software engineer named Bill Lou, who is the CEO and co-founder of Nest Wallet, lost 52 stETH (valued at around $125,000) in a crypto phishing scam. He revealed the incident on Twitter and mentioned that he was using Metamask instead of Nest Wallet when he clicked on a fraudulent link while attempting to claim an airdrop. Lou admitted his mistake and attributed it to fatigue.
Lou acknowledged that Nest Wallet has security features, but his lapse in judgment led to the loss of his staked Ethereum. He followed a guide to the airdrop and ended up on a scam website that had a similar URL to the legitimate one but with a .io suffix instead of .org.
LFG addresses scams as token value declines
The LessFnGas ($LFG) project, which conducted the airdrop, has acknowledged the presence of scam accounts impersonating them. They have urged users to report these accounts for community safety. It’s worth noting that LFG’s official channel on X is still unverified.
The original LFG airdrop required ETH addresses that spent a minimum of $4269 on gas fees and interacted with at least one common ETH protocol. A total of 400 billion $LFG tokens were allocated to 387,000 eligible wallets within a one-month claim window. Unclaimed tokens were set to be burned after this period. The project also planned a second phase involving Solana wallets.
As of now, the price of LFG is $0.00006105, reflecting a 33% decline in the last 24 hours. The trading volume has increased by 41% in the same period.
Hot Take: Crypto phishing scams continue to pose risks
Bill Lou’s experience serves as a reminder of the ongoing risks posed by crypto phishing scams. It highlights the importance of being vigilant and using secure wallets to protect your digital assets. Always double-check URLs and be cautious when clicking on links, especially when it involves sensitive information or transactions. Reporting scam accounts and spreading awareness within the crypto community can help mitigate such risks.
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