Fraudulent Websites Scams Steal $300K from Blur Token Users

03/16/2023 11:35 • Blockchain Buzz • 182 views

On March 16th, according to TrustCheck, a Web3 browser security extension, funds worth more than $300000 have been stolen from 24 different fraudulent websites since February 15th, and fraudsters have used these users who want to receive Blur tokens for airdrop to link their wallets to malicious websites. Some of these websites are still running, warning users to be careful with their wallets when connecting.

Fake Blur airdrop website steals $300000 from users

Analysis based on this information:

TrustCheck, a Web3 browser security extension, recently discovered that users who intended to receive Blur tokens for airdrop were victimized by fraudulent websites, leading to the theft of over $300000 from 24 different websites since February 15th. These scammers made use of the eagerness of some crypto users to acquire free tokens or get involved in a popular airdrop campaign to steal funds.

The Blur token was created by Blur Network, which aims to provide privacy for online transactions using its privacy-preserving blockchain. However, it appears that some users who sought to participate in an official promotion strategy by Blur Network became unsuspecting victims of these fraudulent websites.

These scammers lured users by promising free Blur tokens and directing them to their websites to carry out wallet connections. However, the TrustCheck team found out that all the websites involved in these incidents were malicious and that users’ wallets details were compromised within seconds of connecting to them.

With this discovery, TrustCheck alerted users to the scam and advised them to be more vigilant when participating in airdrop campaigns or when connecting their wallets to any website. In addition, they also warned users that some of these fraudulent websites are still running, urging them to be careful and check the URL of the site they are accessing to ensure that it’s an official website.

In summary, this incident highlights the importance of being security-conscious when dealing with cryptocurrency. It also shows that scammers are using innovative tactics to defraud users of their funds, so it’s imperative that cryptocurrency enthusiasts take additional precautions to stay safe.

To conclude, TrustCheck has done well in apprehending this fraud and advising users to be more vigilant. Users who operate such accounts should also be more vigilant and only interact with trusted websites. TrustCheck’s work is a much-needed signal of hope amidst an incredibly adversarial market.

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Fraudulent Websites Scams Steal $300K from Blur Token Users

Fake Blur airdrop website steals $300000 from users

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