FBI warns of fraudsters posing as NFT developers to steal crypto
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The Federal Bureau of Investigation (FBI) recently issued a warning to potential NFT buyers to beware of bogus websites that use “drainer smart contracts” to steal from crypto wallets
The advisory informs the public about a new crypto scam where the culprits masquerade as legitimate developers to target crypto users looking to buy non-fungible tokens (NFTs).
The scammers either hack social media accounts belonging to real NFT projects or create near-identical profiles capable of misleading casual observers, the FBI says. They then use these accounts to promote fake NFT releases. The posts use compelling language that often stresses terms like “limited supply” to create a false sense of urgency.
The links on the posts can direct potential victims to phishing websites that have been made to look like extensions of actual NFT projects.
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