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A New Sleepdrop Scam Uses NFT Airdrops To Steal Your Funds Th | Metaverse | Nfts | News

A New Sleepdrop Scam Uses NFT Airdrops To Steal Your Funds

The
team at Forta Network has sounded the alarm about a new version of the Sleepdrop scam. This version of the scam uses NFTs and a verified contract to mislead users into thinking they’re interacting with a legitimate airdrop. Forta Network is a California-based security and operational monitoring network for wallets, developers, and investors. Lido is one of its users. The Forta community discovered the scam when a new NFT from Lido was transferred into one of Forta’s multisig wallets.

After Lido confirmed that it was not the source of the NFT, the Forta community studied it and discovered it was a scam. The scam involves several steps. First, the scammer creates an ERC-1155 (NFT collection) that impersonates a legitimate team. Next, the scammer transfers most of these counterfeit assets to a legitimate contract that previously conducted an airdrop. Then, the scammer triggers the airdrop function of the contract to distribute the NFTs to multiple addresses. To deceive recipients, the description of the NFT includes a phishing URL embedded within it. The main difference between a traditional sleepdrop and this scam is that the scam offers an NFT as a fake reward.

Source

@Facebook_Metaverse_Nfts