📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Scammers Pretend To Be Azuki Creators, Scams Community of NFTs

Published 04/11/2022, 12:02 PM
Updated 04/11/2022, 12:30 PM
Scammers Pretend To Be Azuki Creators, Scams Community of NFTs
TWTR
-
ETH/USD
-

  • Scammers have found a way to mislead unknowing users into a new NFT scam.
  • Verified Twitter (NYSE:TWTR) accounts are hacked, revamped, and then used to tweet malicious links leading to victims losing NFTs.
  • The Azuki scam has the same modus operandi as the ApeCoin scam from the previous month.

Scammers have found a new way to steal NFTs from unsuspecting users – this time, it’s from Azuki NFT owners. The method involves hackers hijacking verified Twitter accounts, changing the public details to suggest ownership by an Azuki co-creator, and then dropping malicious links.

Two hacked journalist accounts chronicled that the hack started with a phishing email that was claimed to be sent by Twitter’s support team. Another journalist had their account hacked and subsequently sent over 6,000 tweets tagging potential victims for the scam. In addition, India’s University Grants Commission (UGC) was hacked following the same modus operandi (MO).

Once hackers took hold of the accounts, they proceeded to form misleading tweets promising NFT airdrops followed by a link. Following that, unknowing users are prompted to connect an Ethereum wallet as part of the scam. Once a connection is made, hackers steal the NFTs from their victims’ respective wallets.

In response to the prevalent scams, a Twitter representative confirmed that the company is “aware of and actively working on a solution to combat” the attacks.

This Azuki scam has the same MO as the ApeCoin (APE) scam from the previous month. In March, hackers reportedly stole more than $1 million worth of NFTs from the Twitter scam. Similar to the Azuki scam, the ApeCoin scam involved hijacking verified Twitter accounts and forming misleading links to airdrops.

It goes without saying that the victims did not receive airdrops of any kind, and instead only lost NFTs.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.