In light of today’s events (our thoughts go out to those affected), we decided to put together a quick guide on noticing potential scams and protecting yourself and your wallet.
Realize that the scams WILL continue. This is a permanent feature of any “Wild West” environment, especially one like the blockchain where anonymity is relatively easy to achieve, and a lack of recourse is the norm. The bad actors are here to stay.
3/ There are 3 common scams currently making the rounds in almost every community:
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1. Discord Direct Messages - if you have direct messages on, you are likely inundated with DM’s containing server invitations or special offers. This is a primary way that scammers distribute phishing links, and best practice is to avoid clicking on anything in a DM
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2.Discord Compromises - hackers have been leveraging bot vulnerabilities to post scam phishing links in servers. These typically carry a sense of urgency and look VERY official. This is what happened today to @fractalwagmi
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3. Typosquatting - this is the practice of registering a common misspelling of a known name (i.e. OpenSea.fo as opposed to OpenSea.io). Malicious actors are also doing this with Discord usernames in an attempt to mimic official project leadership.
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So how can you protect yourself? 👇
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1.Only use official links posted from a verified source. Even within a trusted discord, be overly cautious of unforeseen “flash drop” announcements as this is a common discord hack that is becoming more prevalent.
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2. Hover over links to preview the URL the link is taking you to prior to clicking to ensure you are going to a legitimate website (i.e. opensea.io is legit and opensea.fo would be fraudulent).
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3. Disable discord DM’s by default. This reduces the chance of clicking on a scam discord invite as these are often facilitated via DM. Only accept discord invites from trusted sources.
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4. Invest in a hardware Wallet. This makes it much more difficult for a hacker to empty your wallet as you will be required to sign the transaction with your physical device.
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5. Verify, verify, verify. There is a lot of hype in the NFT community, but avoid acting on impulse and emotion. Always take a step back and verify the information and source you are receiving it from are legitimate.
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6. NEVER give anyone your seed phrase. No one who is legitimate will ever ask you for this information.
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Fin.
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