Phishing For NFTs

As NFTs increase in popularity, more and more new users are joining the market, and are at risk of falling prey to scams. Sophisticated fraud actor operations are exploiting vulnerable NFT traders and compromising their accounts with phishing campaigns, that have serious consequences.

These attacks are advanced and can cost traders millions of dollars. However, by understanding these threats, NFT marketplaces can protect their users and platforms from harm.

In this report, we detail the forms of phishing that fraud actors are engaged in:

• Social engineering
• Typosquatting
• Impersonation
• The delivery of malware