By taking over legitimate accounts and posing as authentic individuals or platforms, criminals are targeting the NFT and cryptocurrency spaces
A warning concerning criminals hijacking social media accounts and posing as legitimate individuals in the NFT (non-fungible token) and cryptocurrency sectors has been issued by the FBI. It also highlights concerns over fake websites designed to steal NFTs and cryptocurrencies.
Victims falling prey to phishing scams and social media account hijacking are increasing. By taking over legitimate accounts and posing as authentic individuals or platforms, criminals are targeting the NFT and cryptocurrency spaces. Fake websites designed to deceive victims into believing they are using legitimate platforms, ultimately stealing their digital assets, are the concern of the FBI.
A phishing link tweeted from Uniswap founder Hayden Adams’ Twitter account by hackers is a recent example. To avoid falling victim to these scams, the FBI advises individuals to exercise caution with “criminal actors posing as legitimate NFT developers in financial fraud schemes targeting active users within the NFT community.” The Bureau also recommends researching and verifying any opportunities before clicking on links.
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics