$300,000 stolen by fake Blur airdrop websites: Data

Scammers proceed to prey connected nonfungible token (NFT) users looking to assertion Blur token airdrops done the usage of galore scam websites.

According to information from TrustCheck, implicit $300,000 has been stolen from unsuspecting users that person linked wallets to malicious websites.

The morganatic Blur level is simply a newcomer to the NFT marketplace abstraction and has made waves successful the industry, with booming idiosyncratic numbers and trading measurement a nonstop effect of the platform’s three-phase airdrop inducement scheme. 10% of Blur’s full token proviso was distributed to users based connected their trading enactment successful its 2nd token airdrop strategy from Feb. 15.

The archetypal airdrop was retroactive, awarding tokens to anybody who traded an NFT connected Ethereum successful the six months starring up to the platform’s motorboat successful October 2022. The 2nd airdrop awarded tokens to users who listed NFTs earlier Dec. 6, portion the 3rd airdrop awarded tokens to users placing bids connected the level aft the diagnostic went live.

Related: What is simply a phishing onslaught successful crypto, and however to forestall it?

Given the inducement program's mechanics, galore users person been looking to assertion $BLUR tokens crossed the NFT ecosystem. This created an accidental for scammers to beforehand fake airdrop links to malicious websites.

Data shared with Cointelegraph from Ethereum-based Web3 browser information hold TrustCheck reveals that implicit $300,000 worthy of funds person been stolen from 24 antithetic scam websites since Feb. 15. A fistful of these websites are inactive functional, with users warned to beryllium wary erstwhile connecting wallets.

A screenshot of a fake website looking to scam users attempting to assertion $BLUR token airdrops. Source: TrustCheck

The websites marque usage of astute contracts that automatically punctual a transaction erstwhile users link their ETH wallets. All the ETH from the wallet is past drained to a circumstantial address, which has allowed TrustCheck to support tabs connected the fig of funds stolen to date.

Tools similar TrustCheck volition emblem suspicious websites and transactions, informing Web3 users of imaginable fake websites and astute contracts.

Blur has also been successful the spotlight owed to reports of users carrying retired NFT lavation trading successful bid to currency successful connected its token airdrop inducement scheme. However, information analytics carried retired by information idiosyncratic Hildebert Moulié connected Dune suggests that Blur’s NFT trading volumes are legitimate.

Fake websites and phishing attacks are commonplace crossed the internet, portion scammers proceed attempts to drain funds done Web3 functionality. In February 2023, a URL masquerading arsenic the ETH Denver conference website was linked to a notorious phishing wallet code that has stolen implicit $300,000 to date.

Scammers besides preyed connected FTX investors utilizing phishing websites successful precocious 2022 that were scrambling to recoup funds aft the implosion of the failed cryptocurrency exchange.