South Korean are subject to attack from non-fungible tokens (nft) scammers who pose as genuine project operators in order to extort crypto from their victims.
yonhap “Phishing emails” that “steal cryptocurrency” from their victims are “being distributed on a large scale,” according to a warning from security provider East Security.
The security firm said the scammers were presenting their attacks as projects affiliated with Starbucks and e-commerce platform Lotte Home Shopping.
Pirated Starbucks and Lotte logos appear in the email.
These emails advertise “free” NFTs and explain that the tokens can be claimed by clicking on the embedded link.
But instead of clicking on these links, victims are taken to “phishing sites” operated by scammers, the firm warned.
South Korean ‘Scam NFTs’ – How do they work?
Once on this page, victims are allegedly taken through a series of steps that ultimately lead them to hand over sensitive data.
This data can be used by hackers to break into crypto wallets and withdraw coin funds.
The security company said the phishing sites were “crafted with great care.”
The firm said that potential victims are presented with QR codes that install or run a crypto wallet plugin in their browser.
The scammers allegedly instruct potential victims to pay gas fees in order to receive “free” NFTs by “connecting” their wallets.
But if victims follow this step, scammers can gain access to the wallet.
And once they’ve done that, they can withdraw any money they find in it.
A spokesman for East Security was quoted as warning:
“as the number of [legitimate] Companies enter the NFT sector, grow as well [general] There will also be an increase in the number of attacks intended to steal crypto investments, virtual assets. public should investigate [offers] carefully before proceeding.
last month, cryptonews.com informed the likes of Amazon And Gucci may be preparing to enter the NFT space in earnest.
