People should now be very careful of the scam that are happening in our world, scammers are finding new ways to scam. The ones that are common now are scams through discord and other social media. But the one I saw again today has been an old type of scam which is through a social media account that was compromised by the scammers.
The scammers were likely looking to capitalize on a real recent collaboration between Beeple and Louis Vuitton. Earlier in May, Beeple designed 30 NFTs for the luxury fashion brand’s Louis The Game mobile game, which were embedded as rewards to players.
The scammer continued to post phishing links from Beeple’s Twitter account, leading to fake Beeple collections that lured in unsuspecting users with the promise of a free mint for unique NFTs.
The scammers compromised the Twitter account of Mike Winkelmann which is a digital artist and popular nonfungible token (NFT) creator, the scammer continue to post phishing link from the Twitter accountnajdnsome people were scammed.
The phishing links were up on Beeple’s Twitter for around five hours, and an on-chain analysis of one of the scammers’ wallets shows the first phishing link scored them 36 Ether (ETH), worth roughly $73,000 at the time.
The second link netted the scammers around $365,000 worth of ETH and many NFTs from high-value collections such as the Mutant Ape Yacht Club, VeeFriends and Otherdeeds, among others, bringing the grand total value stolen from the scam to around $438,000.
On-chain data shows the scammer selling the NFTs on OpenSea and putting their stolen ETH into a crypto mixer in an attempt to launder the gains.
