🔥🔥🔥 A User Just Lost $240,000 in #NFTs on the Blur #marketplace
Sophisticated Phishing #scam Drains User of High-Value NFTs on Blur Marketplace
Incident Overview:
- A sophisticated phishing scam on the Blur marketplace resulted in a user losing NFTs worth approximately $239,676. The stolen assets included six Bored Ape Yacht Club NFTs, 40 Beanz, and three Elementals, all listed at one wei each (effectively zero).
Scam Mechanics:
- Exploit: The scammer exploited a loophole in Blur’s listing system by manipulating royalty settings to enable private sales.
- Transaction Control: The scam involved tricking the victim into listing NFTs at high prices, ensuring proceeds went to the scammer by setting a rule that only allowed the scammer to buy the NFTs, effectively making the sale private.
- Phishing Tactics: Victims were lured into signing transactions on phishing websites, often promoted through impersonator accounts on Twitter offering free mints or airdrop checkers.
Broader Implications:
NFT scams have surged since late 2020, prompting concerns over marketplace security. Authorities occasionally pursue scammers, as seen with three UK nationals charged for a $3 million scam related to the "Evolved Apes" NFT collection.
Conclusion:
The incident underscores the need for heightened vigilance and enhanced security measures in the NFT space to protect users from sophisticated phishing and fraudulent activities.
Source - decrypt.co
