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FBI Alert: Crypto Scammers are Masquerading as NFT Developers

August 7, 2023


The U.S. Federal Bureau of Investigation (FBI) is warning about cyber crooks masquerading as legitimate non-fungible token (NFT) developers to steal cryptocurrency and other digital assets from unsuspecting users.

In these fraudulent schemes, criminals either obtain direct access to NFT developer social media accounts or create look-alike accounts to promote “exclusive” new NFT releases, often employing misleading advertising campaigns that create a sense of urgency to pull them off.

“Links provided in these announcements are phishing links directing victims to a spoofed website that appears to be a legitimate extension of a particular NFT project,” the FBI said in an advisory last week.

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