According to a report from AegisWeb3, crypto scammers have made about 3,234 Ethereum (ETH) – worth more than $6 million – in the past nine months from fake airdrops.
The report showed that between August 2022 and May, the scammers scammed 14,605 people with their fake token claim scam. These phishing scammers send links asking unsuspecting users to claim airdrops.
However, when these individuals link their wallets to these sites, their wallets are exploited and their funds are drained.
According to AegisWeb3, the most profitable drainer won 1,024 ETH from 1,714 victims – while the highest-victim scammer stole 302 ETH from 2,137 addresses.
Blockchain security company Peckshield confirmed the AegisWeb3 report.
These scammers had a field day with several airdrops from popular crypto projects like Blur and Arbitrum (ARB). CryptoSlate reported that two malicious players stole over one million ARB tokens. At the time, blockchain security firm Certik reported a phishing site advertised by a fake Arbitrum Twitter account.
Meanwhile, the recent proliferation of memecoins has enabled several scammers to create counterfeit tokens with the name of the original coin to give the impression of free airdrops.
One scammer allegedly used on-chain functionality to create the illusion that PSYOP creator eth_ben was broadcasting the memecoin to the public. However, closer examination of the link revealed that it led to a phishing website.
According to AegisWeb3, these scammers send users messages with words like “Approve”. But when users click Approve, they unknowingly transfer all their assets to the phishing contracts.
The post Crypto Scammers Scam Over 14,000 People To Make $6.4M From ‘Fake Token Claims’ appeared first on CryptoSlate.
