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NFT Phishing Scam: 0x64bEf638B75bC24dFb8643bDDD5db2F9a03Ba4FF Transfers $1.2M to Tornado Cash

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According to information, according to CertiK monitoring, the EOA account address 0x64bEf638B75bC24dFb8643bDDD5db2F9a03Ba4FF associated with the NFT phishing address 0x18D023 has t

NFT Phishing Scam: 0x64bEf638B75bC24dFb8643bDDD5db2F9a03Ba4FF Transfers $1.2M to Tornado Cash

According to information, according to CertiK monitoring, the EOA account address 0x64bEf638B75bC24dFb8643bDDD5db2F9a03Ba4FF associated with the NFT phishing address 0x18D023 has transferred the funds to Tornado Cash. Currently, a total of 701 ETHs (approximately $1.2 million) have been transferred to Tornado Cash from this EOA address.

The EOA account address associated with the NFT phishing address 0x18D023 has transferred funds to Tornado Cash

Blockchain technology has opened new doors of opportunities for businesses and individuals alike. One such opportunity is non-fungible tokens (NFTs), which are digital assets exchanged in blockchain transactions. Unfortunately, with the rise of NFTs, there has also been a rise in phishing scams.
According to CertiK monitoring, an EOA account address 0x64bEf638B75bC24dFb8643bDDD5db2F9a03Ba4FF, which is associated with the NFT phishing address 0x18D023, has transferred funds to Tornado Cash. Currently, a total of 701 ETHs (approximately $1.2 million) have been transferred to Tornado Cash from this EOA address.

What is a Non-Fungible Token Phishing Scam?

A non-fungible token phishing scam is a type of phishing attack that solely targets NFT holders. The scammer typically sets up a fake website that appears to be a legitimate NFT marketplace or exchange, luring unsuspecting users into depositing their NFTs in order to sell or trade them. Once the NFTs have been deposited, they are permanently lost, and the scammers move them to an anonymous address, usually through a service like Tornado Cash.

How Do Non-Fungible Token Phishing Scams Work?

Non-fungible token phishing scams work by mimicking the appearance of a legitimate NFT marketplace or exchange. Scammers create fake websites with offers that are too good to be true. When an individual falls for the scam, and deposits their precious NFT, they may receive funds initially, but the sale eventually disappears, and the user loses both their NFT and the money earned from the sale.

The Rise of Non-Fungible Token Phishing Scams

The rise of non-fungible token phishing scams can be attributed to two primary reasons. Firstly, the newness of NFTs means people are still learning how to protect themselves against threats. Secondly, due to the surging popularity of NFTs and the potential financial gains, it has attracted a range of actors, including scammers.
In the case of the NFT phishing scam, the anonymous EOA account associated with 0x18D023 was the source of the phishing attack. The EOA account conducted transactions with Tornado Cash, which is a transaction mixer that allows for anonymity in the Ethereum network. This tactic makes it difficult to trace where the funds went after they were sent from the phishing address.

How to Protect Yourself Against Non-Fungible Token Phishing Scams

To protect yourself against non-fungible token phishing scams, you should only interact with NFT marketplaces and exchanges that are reputable and have positive reviews from other users. Additionally, you should not give away your private keys or seed phrases to anyone claiming to provide support. Always use two-factor authentication, and do not click on links or download attachments from unknown emails or websites.

Conclusion

Non-fungible token phishing scams have been on the rise due to the popularity of NFTs. It is important to protect yourself against these scams by only interacting with reputable marketplaces and exchanges, implementing effective security measures such as two-factor authentication, and not sharing your private information or keys with unknown sources. Stay vigilant and always be on the lookout for potential phishing scams.

FAQs

1. What is a Non-Fungible token (NFT)?
A Non-Fungible token (NFT) is a unique digital asset that is stored on a blockchain.
2. What is Tornado Cash?
Tornado Cash is a transaction mixer that allows for anonymity in the Ethereum network.
3. How can I protect myself from NFT phishing scams?
To protect yourself from NFT phishing scams, you should only interact with reputable marketplaces and exchanges and implement effective security measures such as two-factor authentication.

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