Scammers Steal 237 NFTs In A Phishing Attack
A blockchain security company confirmed that scammers successfully stole 237 non-fungible token collections. This stolen NFT collection includes 85 0XLBOTS NFTs and 152 Cypherpunks NFT collections.
Another Ongoing Attack Against NFT Collections
Peckshield, the blockchain security firm, discovered an ongoing attack against non-fungible token collections using ERC2771+ multi-call smart contracts. Established in 2018, this company provides comprehensive security audits for smart contracts, DeFi, exchange security, and more. Since its inception, the firm has successfully stopped multiple scam attacks while preventing millions of users from falling victim to scams.
Crypto And NFT Scams On The Rise This Festive Season
Both hackers and scammers continue their strikes in the crypto industry, with cyber securities warning of potential increased attacks during the festive season. In specific, CertiK, the blockchain security analytic firm, revealed that over $997 million was lost to flash loan attacks, exit scams, and exploits in 2023.
It was also revealed that hackers and scammers have been targeting top executives and industry heads, stealing funds from their users. In September, a hacker took control of Ethereum cofounder Vitalik Buterin’s account and stole hundreds of thousands of dollars worth of high-profile NFTs.
In yet another attack, the company that makes physical crypto wallets saw its Ledger Connect Kit software compromised, resulting in hundreds of dollars being drained from users’ wallets.
Hot Take: Protecting Your NFT Investments
Protecting your NFT investments is a top priority during this festive season and beyond. With an increase in crypto-related scams, taking precautionary measures, enhancing your crypto literacy, and staying informed is crucial. And always remember to verify and double-check the legitimacy of offers and platforms within the crypto space to safeguard your hard-earned investments.
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.