Cryptocurrency

Discord and Twitter Hurbours NFT Scams! Know The Recent Ones

Satavisa Pati

Scammers are targeting social media platforms for stealing NFTs.

NFT scammers worldwide are great players of mind who know how to use artificial scarcity and fear of missing out to drive people into scamming traps. Words like "sold out", "limited releases", "Drops" and "collaboration" seem to attract people like moths to the flame and they pay high prices or even wait in long lines to buy such NFTs. Another major driving force for them is the exclusivity of their NFT artworks. Every now and then reports of stealing billions of dollars are on the news but still it cannot drown the significant hype that comes with NFTs.

Recently, another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the social media accounts of NFT influencer Zeneca. The compromised Twitter and Discord accounts linked to a fake airdrop for the influencer's "Zen Academy Founders Pass," tricking unsuspecting users into connecting their wallets. The damage from the attack remains unknown. The hack is believed to be a part of a widespread threat against the NFT community, first alluded to on Monday in a tweet by the Bored Ape Yacht Club creator Yuga Labs.

Not so long ago, another similar incident happened when the Discord server of BAYC was hacked and the scammer stole about 200 ETH value of NFTs. Yuga Labs later confirmed the exploit occurred in a tweet of its own, saying it is still actively investigating the incident. It did so 11 hours after NFTHerder's tweet. This is the third time a bad actor has been able to impersonate a Yuga Labs-run account to steal users' funds. The first was April 1 when Mutant Ape Yacht Club #8662 was stolen through a phishing link posted in the project's Discord, with the second coming April 25 after Bored Ape Yacht Club Instagram and Discord accounts posted a fake link to an Otherside minting.

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