The latest reports indicate that the FBI has issued a warning about criminals who are impersonating legitimate NFT developers aiming to defraud users within the nonfungible token (NFT) community. These nefarious individuals either compromise the legitimate social media profiles of genuine NFT developers or fabricate accounts that closely mimic them. Subsequently, they endorse counterfeit NFT launches,… Continue reading FBI Warns About Criminals Impersonating NFT Developers
Tag: NFT scams
Yuga Labs Affected By Recent Mailchimp Data Breach
On January 17, the popular email marketing platform Mailchimp confirmed a data breach – and Yuga Labs was among the victims. Notably, the Bored Ape Yacht Club developers are still going through the details to determine how their Mailchimp account was compromised. Nonetheless, they did tweet the community a warning to ‘stay safe and vigilant’… Continue reading Yuga Labs Affected By Recent Mailchimp Data Breach
Over $100M Worth Of NFTs Stolen Since 2021 – Elliptic
Crypto risk management company Elliptic has released a report which indicates that the scammers stole at least $100 million worth of nonfungible tokens (NFTs), starting in 2021. In its NFTs and Financial Crime report released on August 24, 2022, Elliptic stated that crypto users had been the victim of nearly $100.6 million worth of scams… Continue reading Over $100M Worth Of NFTs Stolen Since 2021 – Elliptic
MetaMask Introduces Feature To Stop Wallet Drainer NFT Scams
In a massive blow to NFT wallet drainer scammers, MetaMask has now updated its browser extension and wallet, making it quite challenging for the scams to happen. The new feature asks you to grant permissions to your wallet instead of automatically doing that with a ‘set approval for all’ warning. Nevertheless, it is quite essential… Continue reading MetaMask Introduces Feature To Stop Wallet Drainer NFT Scams
YouTuber Thwarts Squiggles NFT Scammers Before They Could Make $20M
One YouTuber who strives to investigate online scams, Coffeezilla has disclosed an alleged plot by Squiggles non-fungible token (NFT) scammers who could possibly make up to $20 million in a fictitious project. In a video that was published on February 16, 2022, Coffeezilla highlighted how these cybercriminals tried to use the Squiggles NFT project to… Continue reading YouTuber Thwarts Squiggles NFT Scammers Before They Could Make $20M
Sham NFTs Cause Marketplace Shutdown – Experts Weigh In
The nonfungible token (NFTs) platform famous for minting Jack Dorsey’s first tweet has suspended all NFT operations amidst forging and illegal activity claims. Rampant issues that are related to minting phony nonfungible tokens (NFTs) have forced the popular marketplace Cent to stop some of its operations. Launched in 2017, Cent started as a “social network… Continue reading Sham NFTs Cause Marketplace Shutdown – Experts Weigh In