A member of the Proof Collective has been duped, losing 29 highly expensive Ethereum-based Moonbirds. After accessing a malicious link supplied by a scammer, the victim lost 29 Moonbird nonfungible tokens (NFTs) worth $1.5 million, according to a tweet by Cirrus on Wednesday morning.
Dollar, a Twitter figure and NFT owner, claimed that the alleged perpetrator has already been half-doxed by crypto exchange and that Proof Collective and its members are currently working on a full report to the FBI.
NFTs investors must be wary of scammers
Another user, Just1n.eth, stated that when attempting to negotiate a sale, a dealer insisted on completing the transaction through an unsavoury “p2peer” network. Sulphaxyz verified that it had happened to him as well and named the con artist as the perpetrator.
It’s unclear how many people the culprit has duped in total, but it’s a stark reminder that even the savviest NFT investors must be wary of scammers. The recent cryptocurrency frauds serve as a stark reminder to NFT owners to exercise caution when interacting with third-party platforms and to double-check everything given by others, even if they appear to be trustworthy.
NFT developer Mike Winkelmann, also known as Beeple, recently had his Twitter account hijacked in a phishing attack, as previously reported. From the compromised Beeple account, the scheme netted the attacker $438K in cryptocurrencies and NFTs.
Scammers are attempting to cash in on the NFT craze, according to a survey issued earlier this month by cybersecurity firm Malwarebytes. Fraudulent websites masquerading as legitimate platforms are the most common tactic employed by scammers, according to the organisation.