Fake Blur Airdrop Websites Steal $300K from Investors

According to a tweet from TrustCheck, a phishing incident in which consumers browsed sham websites marketing BLUR token airdrop while using their wallet resulted in the theft of more than $300,000 worth of tokens.

In accordance with a number of criteria, including trading activity and platform fidelity, Blur airdropped its token, BLUR, in several waves. Due to its three-phase airdrop incentive program, Blur, a recently formed zero-fee NFT marketplace, has attracted the interest of NFT enthusiasts and now has a significant trading volume. 

The initial airdrop of this program was retroactive, rewarding tokens for everyone who exchanged an NFT on Ethereum in the six months prior to the platform’s debut in October of 2022. 

Hackers Take Advantage of the Blur Airdrop 

Users who listed NFTs just before December 6 were eligible for the second airdrop; users who placed bids on the platform after the feature was up, were eligible for the third airdrop. In particular, Blur’s second token airdrop program beginning February 15 gave 10% of the company’s entire token supply to customers based on their trading behavior.

Hackers continue to prey on users using nonfungible tokens (NFTs) who are attempting to receive Blur (BLUR) token airdrops by deceiving them with a variety of falsified websites.  Several people hurried to acquire the tokens after seeing the platform’s exponential expansion.

The popularity of Blur has given scammers a chance to spread their schemes via malicious websites. As a result of frauds emerging in the community, security companies like TrustCheck are displaying potential concerns on this website. However, Hildebert Moulié, a data scientist, conducted data analysis on Dune and found that Blur’s NFT trading volumes are authentic.

Last month, a phishing scammer named Chase Senecal, also known online as Horror, was captured by the Federal Bureau of Investigation (FBI) after giving up two non-fungible tokens (NFTs) worth more than $100,000 and 86.5 ether.