Cryptocurrency and NFTs Worth $4 Million Stolen in Phishing Fraud Scheme
According to reports, Zach XBT, an online data analyst, said that since the beginning of 2022, Loyalist/Lukas/Shibango has stolen cryptocurrency and NFT worth …
According to reports, Zach XBT, an online data analyst, said that since the beginning of 2022, Loyalist/Lukas/Shibango has stolen cryptocurrency and NFT worth more than $4 million by running phishing fraud on Twitter and cooperating with other known phishing fraudsters. Zach XBT said that 1741 NFTs were found stolen by Loyalist and 416 independent victims were observed.
ZachXBT: Hacker Loyalist has stolen more than $4 million of cryptocurrency and NFT since the beginning of 2022
Interpretation of the news:
Cybercrime is a growing concern as criminals find new ways to target victims online. One such method is phishing fraud, where criminals use fake websites, emails, or social media accounts to steal personal information, passwords, and other sensitive data. Recently, Zach XBT, an online data analyst, reported that Loyalist/Lukas/Shibango has stolen cryptocurrency and NFT worth more than $4 million since the beginning of 2022.
NFTs, or Non-Fungible Tokens, are a type of cryptographic asset that represents a unique item, such as digital art or collectibles. According to Zach XBT’s report, Loyalist stole 1741 NFTs along with cryptocurrency in the phishing fraud scheme they conducted on Twitter. The report further revealed that 416 independent victims were observed, making this a widespread crime.
Phishing fraud can take many forms, but in this case, Loyalist used a well-known platform such as Twitter to target victims. They created fake accounts and impersonated popular crypto personalities to gain the trust of users, and then they would initiate the phishing fraud scheme. They would ask users for sensitive information, such as login credentials or private keys, claiming they were needed for some crypto-related activity. Once they had access to users’ accounts, they would proceed to transfer cryptocurrencies and NFTs to their own wallets.
The report highlights the importance of online security, especially when it comes to cryptocurrency and NFTs. These assets are not regulated by any central authority, which means that once stolen, they are almost impossible to recover. It’s crucial for users to take precautions, such as enabling two-factor authentication, avoiding suspicious links or messages, and verifying the authenticity of the accounts they interact with.
In conclusion, the Loyalist/Lukas/Shibango phishing fraud scheme is a grim reminder of how cybercrime poses a significant threat to online users. The incident shows that even popular platforms like Twitter can be exploited by cybercriminals to steal sensitive information and assets. It’s crucial to be proactive in online security and to report any suspicious activities to prevent further crimes of this nature.
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