Beware of scams targeting NFT and crypto wallets using email

Beware of scams targeting NFT and crypto wallets using email

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Answer Beware of scams targeting NFT and crypto wallets using email

Josh Chavez shared on Twitter the sad story of how he got scammed.

The scammers used an old technique of sending an amalgamated file in the documents attached to the email.

American NFT artist Josh Chavez was scammed by criminals who targeted him via Instagram on January 19, 2022.

Josh announced that scammers have stolen all of his cryptocurrencies and NFTs from his MetaMask crypto wallet.

The artist revealed that he was contacted by a potential client via direct messages on Instagram.

Although the customer-following bots work well on Instagram, Chávez decided to ignore this fact and acted personally with a stranger’s request for cover art for his soon-to-be-released song.

Chávez asked them to send request details, including information about the version, budget, concept, references, and so on.

All these details were sent to Chávez via e-mail.

The scammers, disguised as “Oscar Davies”, sent the documents, one such malicious file was categorized as a pdf file.

But it actually contained an .exe file. EXE files are usually designed to execute computer programs when opened.

Once the file was opened, it was immediately linked to Chrome, where the malware was integrated with the browser’s MetaMask wallet.

In the blink of an eye, cryptocurrencies were drained from MetaMask and all NFTs were sold in auctions at a fraction of their real prices.

He told Chávez that he fell victim to social engineering that was so ingeniously constructed that, despite his experience, he failed to notice the red flags.

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As Chavez said:

I live on the internet and can spot scams a mile away, but today I forgot to double check one small detail (…) I wasn’t in a hurry, but what fooled me was that things were a bit of a chore.

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For your information, several NFT artists were earlier targeted by sophisticated scam campaigns in the fourth quarter of 2022 to the first quarter of 2023.

In November 2022, attackers hacked into the social media of Greg Solano, founder of the BAYC non-fungible token, and began posting phishing links.

Amidst the euphoria surrounding the FIFA World Cup in Qatar, scammers managed to pass Twitter’s security checks and promoted the Cristiano Ronaldo and Binance NFT airdrops.

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