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Replying to Avatar Ian Forbes

Remember NFTs?

One of their main use cases rn is in approval phishing scams.

A fake NFT pops up in a target's wallet with some kind of call to action (fear or greed based).

This leads them towards signing a malicious contract.

Click approve and their 'crypto' goes bye bye.

https://www.chainalysis.com/blog/approval-phishing-cryptocurrency-scams-2023/

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FirstBankOfNowhere 1y ago 💬 1

Wasn’t scamming users the original use case? 🤷🏽‍♂️

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Ian Forbes 1y ago

🤣

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