A dangerous fraud targeting Cardano">Cardano users has resulted in over 200,000 ADA, worth almost $130K at current rates, being stolen through a fake NFT giveaway scheme. The Cardano Community Twitter account issued an urgent warning about the scam this week.
The scam involves some Berry Pool delegators receiving a dubious NFT, falsely claiming to offer extra ADA rewards through a fraudulent event and website. Unfortunately, victims who connected wallets and signed transactions enabled by the scam website have already lost the significant amount of ADA noted.
With ADA prices recently surpassing $0.65, the highest level since May 2022, the token’s uptrend makes it an attractive target for scammers. The Cardano Community team advised all users to carefully review transaction summaries before approval to ensure assets remain protected.
This incident highlights the need for extreme caution around unsolicited offers involving cryptocurrency and NFTs. As the space continues rapid adoption, similar schemes leveraging hype around DeFi, GameFi, Metaverse and Web3 should be scrutinized and avoided unless fully verified. Heeding warnings from reputable community sources can help users steer clear of dangers.
The teams behind Cardano and other leading networks continue working to make the ecosystem safer. But users must also remain vigilant against scams aiming to capitalize on hype to steal crypto assets and funds. Checking transaction details and avoiding questionable offers is critical.
