The FBI Warns Cryptocurrency Users About NFT Scams
The FBI has issued a warning to crypto users about the rise of NFT scams. Scammers are creating fake websites and social media accounts to trick users into purchasing bogus NFTs. Here are the key points:
- Scammers pretend to be legitimate developers or hack real NFT projects’ social media accounts.
- They promote fake NFT releases, using compelling language to create urgency.
- Victims are directed to phishing websites that resemble real NFT projects.
- Once on the website, visitors are asked to connect their wallets and unknowingly give access to a smart contract that steals their cryptocurrencies or NFTs.
- The stolen assets are moved through crypto mixers and exchanges to hide their origin.
The FBI report highlights the increasing rate at which stolen NFTs are being sold. Tips to protect yourself from these scams include researching “surprise” opportunities, verifying social media accounts, and confirming the authenticity of websites.
Hot Take: As NFTs gain popularity, scammers are finding new ways to exploit crypto users. It’s crucial to be vigilant and skeptical of any suspicious offers or requests for wallet connections. Always do thorough research and verify the legitimacy of any NFT projects or websites.
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