Beware of fake NFT and crypto promoters, FBI warns

by Aug 6, 2023CryptoNews0 comments

The Federal Bureau of Investigation (FBI) has issued a public service announcement to alert the public of the dangers of phishing scams and social media account hijacking in the non-fungible token (NFT) and crypto space. The FBI said that criminals are impersonating legitimate NFT developers and influencers to lure victims into fraudulent schemes.

According to the FBI, the criminals either hack into the social media accounts of real NFT developers or create fake accounts that look almost identical to them. They then use these accounts to announce new NFT releases or giveaways, often creating a sense of urgency with phrases like “limited supply” or “surprise mint”. The links provided in these posts are phishing links that direct victims to a fake website that mimics the original NFT project.

The fake website then asks the victims to connect their wallets to claim or purchase the NFTs, but instead of receiving the NFTs, they lose their funds or assets to a malicious smart contract. The FBI warned that the account hijackers work to “create a sense of urgency” with their posts, and urged people to vet any website or potential opportunity before clicking on it.

The FBI also advised people to protect their social media accounts by using strong passwords, enabling two-factor authentication, and avoiding clicking on suspicious links or attachments. The FBI also encouraged people to report any suspicious activity or incidents related to NFTs or crypto to the Internet Crime Complaint Center (IC3) at www.ic3.gov.

See also  PayPal Users Prefer Crypto.com as Their Crypto Exchange, Survey Reveals

Recent News

Recent Posts

Disclaimer: The information provided on this website is for informational purposes only. We strive to ensure the accuracy and reliability of the content, but we make no representations or warranties of any kind, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information. The use of this website is solely at your own risk.
We do not endorse or promote any specific cryptocurrencies, projects, exchanges, or investments mentioned on this website. The inclusion of any external links does not imply endorsement or recommendation.
Please note that the cryptocurrency market is highly volatile and involves substantial risks. You should carefully consider your own financial situation and risk tolerance before engaging in any cryptocurrency-related activities.

Related Post

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *