A cryptocurrency investor lost over $520,000 to a fake bridge scam. Experts from Scam Sniffer warn of an increase in such attacks in 2024.
Incident Details
The victim was tricked out of over $520,000 after signing a fraudulent transaction on January 4. Scammers targeted Telegram-based DeFi groups, offering faster bridging solutions through a fake crypto bridge website.
Rise in Scams in 2024
According to Scam Sniffer, there is a rise in wallet drainer phishing scams in 2024, with losses amounting to over $494 million and more than 332,000 crypto addresses compromised. In some instances, thefts have exceeded $55 million.
Warnings for Users
With the increase in scams, Scam Sniffer advises verifying URLs before clicking and avoiding unfamiliar sources. They also caution that scammers often create a sense of urgency to gain trust.
As scams become more prevalent, users must become more vigilant and aware of potential risks and scams they might encounter.
