One of the knowns was also on April 30 when Yuga Labs launched its Otherside metaverse project, a way for BAYC NFT holders to purchase deeds (“Otherdeeds") of land in their metaverse. Scammers have used every opportunity to loot NFTs and other digital currencies. Additionally, the scammers used these verified accounts to mention users en masse to capture their attention.Īpart from BAYC, scammers have been impersonating many other notable NFT projects such as Azukis, Moonbirds, Invisible Friends, and emerging projects on the Solana blockchain like OkayBears. This was seen as an opportunity by scammers to target the interest in this upcoming airdrop, Narang added, "and began creating campaigns by hijacking verified Twitter accounts to drive users to phishing sites."įurther, Narang added that these hijacked verified accounts were pivoted to use profile pictures (PFPs) of BAYC NFTs to lend legitimacy to their claims of airdrops of $APE tokens. One of the bluechip NFT, BAYC earlier this year announced an Airdrop of ApeCoin to holders of its various NFT projects like BAYC, Mutant Ape Yacht Club, and Bored Ape Kennel Club.
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In his opinion, airdrops and free NFTs are the perfect vehicles for cryptocurrency scams. Narang pointed out some of the notable scams that used Twitter accounts. By mentioning these Twitter usernames, they’re trying to pique their curiosity in a bid to trick some users into falling for their scams. The cryptocurrency scammers are tagging users in replies across hundreds of tweets.
He stated that "scammers leverage Twitter mentions to capture attention." According to him, recently, Twitter users with an interest in NFTs and cryptocurrency are likely to have received notifications in their Twitter Mentions.
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