NFT ‘sleepdrops’ have drained $11.5 million from Ethereum users | Headlines | News | CoinMarketCap
09/16/2023 01:11
A research report by web3 security specialists Forta Network and Blockfence detailed how a scam operation targeting Ethereum users known as …
A research report by web3 security specialists Forta Network and Blockfence detailed how a scam operation targeting Ethereum users known as "sleepdropping" has resulted in losses totaling $11.5 million since it was first spotted in December 2022.
The scam operates by dispatching seemingly authentic ERC-1155 tokens, often NFTs, to unaware users. This tactic lures users to deceptive websites where they're tricked into authorizing transactions, inadvertently funneling their assets into the scammer’s possession. The culprits behind the operation remain unidentified.
According to Forta Network and Blockfence, over half a million addresses have been recipients of these misleading token airdrops. Currently, more than 20,000 users have been confirmed to have fallen victim.