The user statistics for several crypto services are radically shifting as non-fungible tokens (NFTs) become more prevalent. Smart contracts are being taught to a new, maybe less tech-savvy populace. Discord frauds, phishing efforts, and “clippers” have risen in tandem with the growth of comparatively recent users and new currency in the market. All of these are attack vectors that veteran crypto users will be acquainted with. However, for NFT collectors, these are often unheard of and unknown. The abundance of genuine dangers has also increased misconceptions about what constitutes a danger and what does not.
NFT collector “AJ” claimed in a popular tweet that he had squandered an NFT collection valued at over $50,000 in a cyberattack. He said that he did not input his seed phrase at any place. The Twitter user also added that he has never dealt with phony front ends and that he was not duped in any way. Only fraudulent privileges connected with NFTs airdropped to his location or NFTs delivered to his address without charge could have caused him to lose his possession. Following the event, there was speculation that allowing bidding on airdropped NFTs or advertising those for sale may empty wallets.
According to the experts, AJ’s account of the events is very improbable, if not unattainable altogether. The best course of action is to maintain common operational protection. In the present era of social media, such misinformation can spread like wildfire. It is always a good practice to know the truth from experts and developers.
