{"id":473122,"date":"2024-01-18T11:13:27","date_gmt":"2024-01-18T11:13:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=473122"},"modified":"2024-01-18T11:21:32","modified_gmt":"2024-01-18T11:21:32","slug":"be-vigilant-nft-scams-are-on-the-rise-scammers-have-just-stole-3-beanz-nfts-on-blur","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/be-vigilant-nft-scams-are-on-the-rise-scammers-have-just-stole-3-beanz-nfts-on-blur","title":{"rendered":"Be Vigilant, NFT Scams Are On The Rise &#8211; Scammers Have Just Stole 3 Beanz NFTs On Blur"},"content":{"rendered":"<p>The non-fungible token market started the new year bullishly, attracting traders, institutions, and businesses alike. The NFT frenzy has also attracted all sorts of scams. In this article, we shall assess five of the most common NFT scams and how you can protect your digital assets from these scams.<\/p>\n<h2>NFT Scams Are On The Rise This Year, 2024<\/h2>\n<p>In a January 18 blog post, Peckshield, a renowned blockchain security firm, confirmed that scammers had just stolen three non-fungible token collections, including Beanz #16149, Beanz #12,990 and Beanz #607 NFT collection, on Blur.io in a phishing attack.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Phishing?src=hash&amp;ref_src=twsrc%5Etfw\">#Phishing<\/a> NFT <a href=\"https:\/\/twitter.com\/hashtag\/BEANZOfficial?src=hash&amp;ref_src=twsrc%5Etfw\">#BEANZOfficial<\/a> #16149, #12990 and #607 have been stolen by <a href=\"https:\/\/twitter.com\/hashtag\/Fake_Phishing187019?src=hash&amp;ref_src=twsrc%5Etfw\">#Fake_Phishing187019<\/a> on <a href=\"https:\/\/twitter.com\/hashtag\/Blur?src=hash&amp;ref_src=twsrc%5Etfw\">#Blur<\/a> <a href=\"https:\/\/t.co\/avvYmjbWaF\">pic.twitter.com\/avvYmjbWaF<\/a><\/p>\n<p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1747880637116359015?ref_src=twsrc%5Etfw\">January 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Launched in late 2022, Blur.io is an Ethereum-based NFT marketplace that caters to professional traders with its innovative trading features, user-centric fee structure, and integration with various marketplaces. Since its inception, the platform has traded over $5 billion in trading volume.<\/p>\n<p>Blur allows collectors to sweep NFTs across multiple marketplaces, snipe reveals faster than others, and manage their portfolios with advanced analytics. As the Blur NFT marketplace continues to gain traction, the number of scammers looking to lure investors has also increased. Below, we have listed five NFT scams and how investors can avoid them:<\/p>\n<h2>1. Phishing Scam<\/h2>\n<p>Phishing scams are the foremost internet security threat for your digital assets. In most phishing scams, scammers trick their victims into giving away vital security information by sending them fake links (phishing links) or emails that lead to malicious websites.<\/p>\n<p>It&rsquo;s worth noting that cryptocurrency wallets and marketplace accounts are the common points of contact between NFT owners and NFT scammers. In this context, collectors should avoid any suspicious links and unofficial links from sources they don&rsquo;t trust.<\/p>\n<h2>2. Pump And Dump NFT Scam<\/h2>\n<p>Pump-and-dump is a scam involving social media influencers and celebrities building massive hype around an NFT project. Influencers can use well-crafted social media posts and teasing conversations to improve the internet presence of new and existing NFT projects.<\/p>\n<p>Unfortunately, after the NFT floor prices reached a record high, crypto and NFT influencers sold their stake and backed out of the project. The hype dies down, and the value plummets. Investors rush to sell off their NFTs against shrinking liquidity. In most cases, the pumps and dump scam leaves investors holding worthless investments. This can be avoided by doing due diligence on an NFT project before seeding your funds.<\/p>\n<h2>3. Rug Pulls NFT Scam<\/h2>\n<p>A rug-pull is a form of scam where crypto developers hype an NFT but pull out after receiving substantial funds from investors. These crooked developers often use social media to build trust and fanfare around their NFT while waiting for investor funds to pour in. After garnering enough, they shut down the entire project. Again, conducting due diligence on a project and its developers is highly recommended.<\/p>\n<h2>4. Plagiarized NFTs<\/h2>\n<p>At the very core, NFTs are about creating unique digital tokens. Unfortunately, digital media can be duplicated beyond the creators&rsquo; unique identity, and its fake prototype gets sold as an NFT. In this case, investors can buy a fake NFT collection instead of the original. Crypto traders should verify an NFT before making a purchase.<\/p>\n<h2>5. Impersonation<\/h2>\n<p>Impersonation is a new phishing scam where fraudsters pose as customer support agents for an NFT marketplace. In most cases, fraudsters typically contact users through social media channels like Discord, Telegram or Twitter with an issue regarding their account. In this case, collectors should only interact with the official Discord to avoid giving their account details to a fraudster.<\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-outpaces-bitcoin-in-nft-sales-is-the-bitcoin-nft-season-about-to-end\">Ethereum Outpaces Bitcoin In NFT Sales &ndash; Is The Bitcoin NFT Season About To End?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/investors-are-betting-big-in-nfts-an-investor-has-just-bought-27-pudgies-83-lil-pudgies\">Investors Are Betting Big In NFTs &ndash; An Investor Has Just Bought 27 Pudgies &amp; 83 Lil Pudgies<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/top-fashion-nfts-in-2024-sportswear-brands-adidas-nike-and-puma-lead-in-rankings\">Top Fashion NFTs In 2024 &ndash; Sportswear Brands Adidas, Nike And Puma Lead In Rankings<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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The NFT frenzy has also attracted all sorts of scams. <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":473124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-473122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Be Vigilant, NFT Scams Are On The Rise - Scammers Have Just Stole 3 Beanz NFTs On Blur - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The NFT market started the new year bullishly, attracting traders, institutions, and businesses alike. The NFT frenzy has also attracted all sorts of scams.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Be Vigilant, NFT Scams Are On The Rise - Scammers Have Just Stole 3 Beanz NFTs On Blur\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-18T11:13:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-18T11:21:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/NFTs-Scams-On-Rise-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dominic Kimani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@domkim2030\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dominic Kimani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122\"},\"author\":{\"name\":\"Dominic Kimani\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/f16958b797c0e54baf7655a53952e3e0\"},\"headline\":\"Be Vigilant, NFT Scams Are On The Rise &#8211; Scammers Have Just Stole 3 Beanz NFTs On Blur\",\"datePublished\":\"2024-01-18T11:13:27+00:00\",\"dateModified\":\"2024-01-18T11:21:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122\"},\"wordCount\":639,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/NFTs-Scams-On-Rise-1.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122\",\"name\":\"Be Vigilant, NFT Scams Are On The Rise - Scammers Have Just Stole 3 Beanz NFTs On Blur - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/473122#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/NFTs-Scams-On-Rise-1.png\",\"datePublished\":\"2024-01-18T11:13:27+00:00\",\"dateModified\":\"2024-01-18T11:21:32+00:00\",\"description\":\"The NFT market started the new year bullishly, attracting traders, institutions, and businesses alike. 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Dominic holds a Bachelor's degree in Journalism, Media and Mass Communication Studies and has been blogging and producing educational materials for retail investors in the financial markets since graduating. Dominic also produces his own NFT and crypto newsletter, taking the initiative to set up his own mailing list with free articles which he uses for reverse outreach to leading media publications. 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