The NFTs Gained popularity in space Technology And Video game When they were presented as a new way to earn money through the virtual world. In 2020, the NFT market has grown by almost 300% compared to 2019 and now. The volume of NFT trade transactions exceeds $ 300 million.

But since not everything is pink, buying these digital works as a tangible product has its pros and cons. Users who want to access one of the tokens are at risk of possible fraud.

Recently known scams and frauds, there are examples of artists who copied their works without permission and sold them in the form of NFT. It happened, for example, after Death of artist King Hahn in 2020; When the scammer took his identity and several of his works became available for purchase in the form of NFT.

Therefore, in this article, Infobae has compiled the most common cheating scams To be careful and also to know the ways to avoid possible fraud in future purchases:

Discord Direct Message Scammers

This platform is very attractive Cybercriminals And there are different forms of cheating. In December last year, criminals were compromised on the channel Disagreement begining FractalNFT Gaming Market and Deceived 373 users by stealing about $ 150,000 Cryptocurrencies The sun of their wallets.

In fact, scams aimed at stealing access to Discord accounts are quite common.

Fake profiles on social media

Both inside Twitter As in others Social mediaUsers have to learn to live with fake profiles trying to install them. You have to get used to it because they often copy information from the official profile.

So if you do not pay attention, it will be impossible to realize thisThe only difference may be between one letter and one profile.

Fake Websites That Are Officially (Phishing)

It is very common to create fake websites that look very much like NFT stores, digital wallets, etc.

These fake websites can be propagated through social platforms like Disagreement, Twitter or even E-mail.

The artists or creators they imitate

It is best to purchase NFTs from certified performers or certified by age or activity They were not involved in a suspicious case.

Tyler Hobbes, The artist behind the Generative Art Collection (Art Blocks) called ConfidenceCondemned the SolBlocks platform Sell ​​imitations of your artwork Made with your code without your permission.

Pump & Dump Scam

It consists of a common fraud model in which An individual or group of people acquires a large number of NFTs (Although it can be a token or cryptocurrency) to increase demand and thus increase its value.

Carpet laying fraud

This fraud occurs when the people in charge of the project leave it and They save investors money.

When the value of the token and the investor symbol reaches a certain mark, the fraudsters empty the liquidity pool Decentralized Exchange (DEX) Which led to a fall in the value of the cryptocurrency and the abandonment of the holders of these assets to their ability to sell.

These scammers usually come in with disguised excuses such as that there is a flaw in the program and it will certainly take a long time to correct it.

Raffles, gifts and fake offers

Many fake offers and unexpected gifts related to NFTs and other crypto assets are often made through Discord accounts, Twitter and other social platforms. In some cases, these are accounts that have been hacked and Their names have changed.

Using these very real-looking fake accounts (with some great posts and posts), criminals name a famous brand or person and do advertising, for example, They give cryptocurrencies.

Measures to Avoid Online Fraud When Buying NFTs

– Always read the history of direct messages and verify their origin.

– Never share a password or password unless you are absolutely sure and it is not verified three times Where clicked.

– Try to use a wallet Hardware. These types of wallets are very secure and allow you to save funds offline.

– Get a password manager for all wallets and accounts. These types of tools help to generate and store complex passwords.

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