Crime in the NFT Industry, Read on to Avoid Fatal Mistakes!
NFT robbery is currently a topic in various news. Therefore, currently, various warnings and suggestions to maintain the security of NFT assets are increasingly being published to help the NFT community. As we all know, phishing cybercrime attacks are nothing new in the NFT sector.
Sometimes, we can easily detect it. For example, when a notification appears accompanied by a request to send your banking information to a prince from a foreign land. However, sometimes the mode used is more difficult to identify and looks official. An example would be when a request to approve an asset transaction comes from a seemingly trustworthy source.
This incident took place on July 17 2022, when the popular NFT platform, Premint NFT, was hacked. As a result, 314 NFTs worth $430,000 were stolen. In this action, the perpetrator was able to plant malicious code on the official Premint website. And it is the code that instructs the user to give consent when connecting their digital wallet to the site. As a result, it allows cybercriminals to access their crypto assets and steal the NFTs they store in these wallets.
In this particular case, the perpetrator could display content to trick the user into signing the fraudulent transaction they had set up. That way, when there is an unclear but sounding plausible reason for the transaction, then combined with the users’ trust in the website, it is certainly enough for the perpetrators to deceive many people.
And again, it’s unreasonable to expect that the average Web3 user can avoid it. This is because most users do not have a strong enough technological background to realize that these transactions actually give cybercriminals access to their stored NFTs.
Moreover, it is possible to trick a user into signing a transaction if it was initiated by a trusted website. Therefore, similar cases are likely to occur in the future.
Get Lego Coin’s stories in your inbox
Join Medium for free to get updates from this writer.
Lego Coin is a social meme token, This Coin created in April 2022 aims to contribute to social movements and creativity around the world through your favorite toys (LEGO). Lego Coin also creates a community that can be useful and beneficial for others such as sharing stories, memes, and sharing knowledge in the creative industry. Lego Coin will also hold events and airdrops that you can take advantage of and enjoy in the near future.
The Lego team is working hard to introduce these Coins to expand the community and hope the Lego Community can make a big impact on people out there. We also hope that readers can understand what we want in the future and spread this news to your friends so that everyone can get benefit from it.
So don’t miss it, follow our social media on your favorite platform that we have provided down below.
”Follow and join our Social Media “
Website: www.legocoinlive.com
Twitter: www.twitter.com/legocoinlive
Global Telegram: @legocommunity
Instagram: @legocoinlive
Discord : Legocoin Community
