Social media platforms have become targets for hackers and scammers. Phantom has uncovered fake Google Ads targeting NFT and crypto investors.
Fake Ads and Dangers
On August 21, the Phantom cybersecurity team released information about new fraud schemes targeting crypto investors. Fake ads may lure users to counterfeit sites that closely resemble the official Phantom site.
"These sites are designed to look identical to ours, but you’ll be prompted to enter your recovery phrase. Phantom will never do this."
How to Prevent Fraud
According to the Phantom investigation team, crypto investors should be particularly cautious and follow these recommendations:
❌ Never enter your recovery phrase online. ⚠️ Double-check the domain name before clicking. ✅ Bookmark important sites.
Common NFT Scams
Common scams include fake giveaways and airdrops. Scammers lure users with offers of free tokens or NFTs.
Additionally, deceptive messages and links in Discord, Telegram, and Twitter are prevalent. Scammers may pose as community members or friends, offering help in exchange for money or sensitive information, such as recovery phrases.
As the cryptocurrency and NFT markets continue to evolve, it is crucial to remain vigilant. Awareness of common fraud schemes and adherence to safety measures can help protect your digital assets.
