Tuesday, May 24, 2022
HomeCrypto NewsOzzy Osbourne's NFT Project shared a link that was a scam, and...

Ozzy Osbourne’s NFT Project shared a link that was a scam, and his followers lost thousands of dollars

You can be sure that the NFT collection will get a lot of publicity when it is announced by a pop-cultural icon such as Ozzy Osbourne. The “CryptoBatz”, a collection of 9 ,666 virtual bats, was covered by outlets such as Billboard, Rolling Stone and Hypebeast.

Just two days after tokens were issued, supporters are being targeted with a phishing scam. This scam drains cryptocurrency from wallets and plays off a link posted by the official Twitter account of the project.

As with most NFT projects, CryptoBatz uses Discord to organize its members. The official CryptoBatz Discord is now accessed through the short link discord.gg/cryptobatz. But previously, the project used a slightly different vanity URL at discord.gg/cryptobatznft.

Scammers created a fake Discord server at an old URL when the project moved to the new URL. Ozzy Osbourne and CryptoBatz did not delete tweets that referred to the old URL. This meant that Osbourne’s tweets were still directing his followers to a fake server.

One tweet from CryptoBatz, posted on December 31st, 2021, received more than 4,000 retweets and hundreds of replies. After being contacted by The Verge, CryptoBatz removed the tweet on January 21st.

Clicking the link to the scam revealed the invite panel for Discord showing the total members as 1 ,330,. This is an indication of how many people could have been tricked by this scam.

A bot from Collab Land, a bot-spoofing community management company, asked users to verify their crypto assets in order to participate in the server. However, they directed users to aphishing sites where they were prompted for their cryptocurrency wallets to be connected.

Collab Land representatives declined to comment.

One victim of the scam was Tim Silman, a non-profit employee. Silman estimates that around $300-400 in ETH was drained from his wallet after he visited the fake Discord server through a link posted on the CryptoBatz website.

Silman said that he’d seen at least 12 people on Twitter voice the same concern. “If you take a look at Etherscan transactions, you will see that others have lost a lot more than I.”

An Ethereum wallet address Silman indicated was linked to the scammers had received a series of incoming transactions totaling 14.6 ETH ($40,895) on January 20th and sent it onwards to a wallet containing more than $150,000.

Silman stated that the project was slow in removing bad links even after being informed.

He said, “I did tag them several times in different tweets, and a few others, but I received no response.” “This is an expensive lesson. I suppose.”

The fake link was still prominently displayed in a tweet by CryptoBatz, but the project continued to promote the public token mint. As of January 21st, CryptoBatz NFTs were being resold on OpenSea for around 1.8 ETH ($5,046).

When asked if the project should take responsibility for the link being removed online, Sutter Systems (developers of CryptoBatz NFT) said that the scam was directly at the feet of Discord. Sutter Systems cofounder Jepeggi stated in an email to The Verge that the compromise was possible only because of the simple setup and maintenance for the scam Discord instance.

Jepeggi stated that while we are sorry that scammers have exploited Discord, they cannot be held responsible for their actions. “We feel terrible for those who fell prey to them. However, we can’t take responsibility for their actions — a platform over which we have no control.” “In our opinion this situation and hundreds of others that have taken place across other projects in the NFT space could have easily been prevented if Discord just had a better response/support/fraud team in place to help big projects like ours.”

Discord stated that it was aware and in touch with the affected team.

Peter Day, senior manager of corporate communications at Discord, stated that “Our Trust & Safety Team is in touch with server owners and are investigating this incident.” “Our team responds to attacks such as this by banning users and shutting off servers.

Read More

Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!


Please enter your comment!
Please enter your name here

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Most Popular