According to TrustCheck, scammers have stolen over $300,000 from users who unknowingly connected their wallets to fraudulent sites while attempting to claim airdrops of BLUR tokens.
The newly launched Blur platform has gained popularity in the NFT marketplace by attracting many users and generating high trading volumes because of its three-phase airdrop incentive program. It completed its second token airdrop scheme on February 15, 2023, and distributed 10% of Blur’s total token supply to users based on their trading activity.
The incentive program’s structure has resulted in high demand for $BLUR tokens within the NFT ecosystem, creating an opportunity for scammers to promote fake airdrop links that can lead to harmful websites.
TrustCheck reported that 24 phishing websites have stolen over $300,000 since February 15. Users are advised to be careful when connecting their wallets to these websites, as some are still active.
The websites use smart contracts that automatically initiate transactions once users connect their ETH wallet. The entire amount of ETH in the user’s wallet is then sent to a specific address. TrustCheck has been able to track the total amount of money stolen so far by following the trail of these transfers.
BLUR Tokens were distributed retroactively in the first airdrop to anyone who had traded an NFT on Ethereum six months before the platform’s launch in October 2022. Those who listed NFTs before December 6, 2022, received tokens through the second airdrop, while users who placed bids on the site after the feature became live received tokens through the third airdrop.
The internet is full of fake websites and phishing attacks, with scammers constantly trying to siphon funds using Web3 functionality. On February 21, 2023, Hope Finance disclosed a $2 million smart contract breach. A Nigerian scammer had transferred over $1.86 million to Tornado Cash shortly after the protocol’s launch on February 20.
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