April 18, 2024

Another phishing attack has just rocked the NFT space as hackers target the Moonbirds NFTs. According to the news making the rounds, 29 Moonbird NFTs were carted away by DigitalOrnithologist, the owner of the Moonbird NFT.

The attack was a phishing attack, where fraudsters sent links to users to lure them into initiating a malicious transaction. As a result, victims lost their NFT collections after clicking the link sent by the hackers.

Moreover, the latest event is sickening and brings to the fore the responsibilities required of NFT holders. By not clicking on any random links, NFT asset holders are the first defense point against hackers.

Additionally, users should always bookmark the NFT marketplaces they use so as not to fall victim to fraud. The new phishing incident is the latest in fraudsters’ malicious attacks on NFT marketplaces.

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Moonbirds is an Ethereum-hosted NFT collection of more than 10,000 cartoon-style pictures for proof of collectibles. Holders of the Moonbirds NFT are given access to an exclusive zone known as the “PROOF Community.”

After that, members are provided with the means to develop their NFT Owls to earn rewards and benefits.

What is Phishing?

Phishing is a socially-engineered scam where attackers send potential victims links to click on and initiate an activity. These links move unsuspecting victims to malicious sites that appear legitimate. Victims are then requested to perform transactions, and boom, the rest is history.

Furthermore, victims can give the site access to their details or enter sensitive personal information into the site. Lastly, the attacker completes the rest of the process.

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However, a Twitter user claimed to have identified the scammer behind the recent phishing attack. @0xLosingMoney linked the scam to @DVincent_, who has since deleted his Twitter account.

Moreover, @0xLosingMoney posted a screenshot of the suspect’s account and the site used by the hacker to steal the Moonbirds NFTs.

The Rising Phishing Attacks on NFT

It is alleged that @DVincent_ approached the victim with an offer to trade NFT via a peer-to-peer site. The said website has since been taken down. After that, the victim approved the attacker’s wallet, which enabled the hacker to steal the NFT.

Meanwhile, details about how the hacker carried out the attack are absent. But all indications point to a malicious attack. This is so because many phishing attacks request users to connect their wallets and approve a specific activity.

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The approved activity might enable the hacker to have access to victims’ wallets and empty their contents. Furthermore, the whistleblower believes that the attacker may have tricked the victim into visiting a fake trading site.

Phishing and hacking attacks on the NFT space are not a recent occurrence. Over the past few months, OpenSea and Axie Infinity’s Ronin Network have suffered the biggest phishing attacks. The attacks led to the loss of millions of dollars worth of NFT.

NFT investors need to be vigilant to protect their assets from future attacks by hackers.

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