Sunday, 22 June 2025
Trending
CryptoCrypto Regulations

The FBI issues a warning about phishing schemes and social media snoopers

In the nonfungible token (NFT) and cryptocurrency area, the FBI has issued a warning about criminals posing as real persons on social media and stealing their accounts.

The warning is being issued as more people are becoming victims of these scams and having their money stolen. The FBI warned individuals to be on the lookout for criminals using financial fraud schemes to steal money from active members of the NFT community while acting as legitimate NFT developers.

FBI’s Warning

The purpose of fraudulent posts is frequently to convey a sense of urgency by using words like “limited supply” and “surprise” or to describe the campaign as an unannounced mint. According to the FBI, the links included in these announcements are phishing scams that lead consumers to a fake website that seems to be an official NFT project extension.

Scam websites ask users to connect their wallets to claim or buy NFTs, but these connections lead to drainer smart contracts, which cause users to lose their money or assets. But occasionally, things can get trickier than that.

  • FBI warns of cybercriminals posing as real people for NFT theft.
  • Scam websites use wallet connections for NFTs, potentially causing asset loss.
  • FBI warns consumers about frauds, advises cautious online behavior.

User StockEd said that they accidentally clicked on a fake LooksRare NFT marketplace website, disconnected their hot wallet, and still had more than $300,000 worth of NFTs stolen in a thread on X (previously Twitter) on August 5.

The bogus website was advertised as a sponsored advertisement at the top of Google’s search results, which has been a persistent problem that Google hasn’t yet resolved.

The FBI issued a warning about these frauds and provided numerous suggestions for consumers to stay safe. Before clicking on links, it was underlined that users should do their homework and “vet any opportunity,” such as unexpected NFT dumps or gifts.

To avoid falling prey to impersonators, it also advised consumers to double-check for any differences in website URLs or account names.

Related posts
CryptoTrending

How to Turn Crypto News into Trade Signals Using ChatGPT

Use ChatGPT to analyze crypto news and generate potential buy/sell signals. Craft specific…
Read more
AltcoinsCryptoTrending

Revolutionizing Payments: JPMorgan's New JPMD Token

JPMorgan launches JPMD, a blockchain-based deposit token for institutional clients. Unlike…
Read more
BitcoinCrypto

Geopolitical Strains: Bitcoin's $92K Challenge Ahead

Bitcoin demand slows, accumulation drops by nearly 50% in June. Short-term holders shed 800K BTC…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

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

Stock Market

Share Market Highlights Today with Sensex and Nifty Points

Worth reading...