• The FBI is warning investors that criminals are posing as NFT developers to run crypto phishing scams.
• Fraudsters gain access to real accounts or create clones in order to trick users into connecting their wallets.
• The FBI recommends being skeptical and confirming any website they connect their wallet to is legitimate.
FBI Warns of Criminal Actors Posing As NFT Developers
The Federal Bureau of Investigation (FBI) is issuing a warning to alert investors that criminals are posing as developers of non-fungible token (NFT) projects in crypto phishing scams. In a new public service announcement, the Bureau says that bad actors are using social media platforms to dupe unsuspecting users into connecting their cryptocurrency wallets with spoofed websites.
How Criminals Operate
Fraudsters either gain direct access to NFT developer social media accounts or create almost identical accounts in order to promote new releases with phrases like ‘limited supply’. These posts include links directing victims to a spoofed website that appears genuine, inviting them to connect their cryptocurrency wallets and purchase the NFTs. Unbeknownst to the user, these links lead straight towards drainer smart contracts which result in funds and tokens being transferred directly into criminal wallets. Stolen assets are then processed through multiple mixers and exchanges for further anonymity.
Tips From The FBI
In order avoid falling victim of such schemes, the FBI recommends taking steps such as being extra wary if well-known NFT projects suddenly start announcing new opportunities or events; making sure social media accounts aren’t fake clones; and confirming any website before connecting your wallet is legitimate.
What Are Crypto Phishing Scams?
Crypto phishing scams are fraudulent attempts by cybercriminals to steal sensitive information such as usernames, passwords, credit card numbers etc., by sending out fake emails or setting up malicious websites disguised as genuine sites from organizations like banks or even cryptocurrency exchanges. Such attacks often involve fraudsters asking users for personal information like bank account numbers or crypto private keys under false pretenses such as “verifying your identity” or “updating login credentials”.
Conclusion
It is important for investors and traders alike not only remain vigilant but also take caution when trading on online platforms—especially when it comes investment opportunities involving non-fungible tokens (NFT). Be sure not fall prey of cybersecurity threats by following the tips provided above recommended by the Federal Bureau of Investigation (FBI).