The Number of Phishing Attacks With Fake Airdrops From BAYC Become More Frequent — Experts
Cybersecurity experts have warned of a rise in phishing attacks using airdrops of cryptocurrencies and non-fungible tokens (NFTs).
According to a report by Malwarebytes Labs, fake airdrops of the BAYC Ape-related NFT collection from Yuga Labs have gained particular popularity lately.
Malwarebytes has documented that the most common phishing tactics involve the use of fraudulent websites posing as one of the legitimate platforms, and BAYC is one of the most popular NFTs.
The report says that phishing sites are designed in such a way that when users try to get an airdrop, the site asks for a passphrase to reset their password.
If users enter it, scammers gain access to the wallet and freely withdraw funds from them.
In addition, Malwarebytes also warns against a phishing variant where Twitter accounts with a large number of followers impersonate popular projects such as the Moonbirds project offering NFT airdrops.
Fake accounts disable the ability to comment on their tweets after the crypto community notices such pages.
Malwarebytes advises you not to agree to everything that dubious sites offer and to carefully read their requests.