Blockchain security agency Malwarebytes Labs believes that with the growing popularity of NFTs, scammers are increasingly using the free distribution of non-fungible tokens to obtain seed phrases.
Malwarebytes Labs posted a report stating that airdrop phishing attacks (free token giveaways) targeting cryptocurrency and NFT holders have increased worldwide.
The blockchain security agency is seeing a significant increase in cases of scammers attempting to cash in on the hype surrounding Yuga Labs’ BAYC Ape-related NFT collection.
Malwarebytes has documented that the most common airdrop phishing tactic involves the use of fraudulent websites posing as one of the legitimate platforms. Cybersecurity specialists emphasize that “monkeys are, of course, the most popular lure when it comes to airdrop phishing.”
As an example, the agency cites a case where scammers created a site that offered up to 10 Bull & Ape NFTs. At the same time, when the user tried to get 10 NFTs, he was asked for seed phrases.
Malwarebytes warns of a rise in “Connect Your Wallet” phishing giveaways, with Twitter accounts with large followings impersonating popular projects such as Moonbirds offering an NFT airdrop.
As a scam case uncovers, scammers tend to close their Twitter accounts to avoid being detected. Malwarebytes Labs notes that projects sometimes warn about phishing. So, the official verified Moonbirds account warned about scammers.
Malwarebytes Labs warns against sending seed phrases to unverified companies to receive NFTs.
Source: Bits
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