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The co-founder of a crypto wallet Nest Wallet, says he has been ādevastatedā by accidentally clicking on a fake airdrop scam.
Nest Wallet co-founder, Bill Lou, said he recently lost over $123,000 in staked Ethereum (stETH) while trying to participate in an airdrop.
On the social media platform X, Lou shares his story, noting that fell victim to the scheme despite being an expert in wallets and crypto security.
See Also: The Most Common Crypto Scams To Look Out For In 2024
āIām devastated guysā¦
I just got scammed out of $125k of stEth while trying to claim the LFG airdrop. And Iām a founder of a wallet startup thatās trying to improve wallet securityā¦
I canāt believe this is happening, Iāve always been so careful. I saw an article guide to the airdrop and follow the link to sign a message. I didnāt even question itā¦.ā
I'm devastated guysā¦
I just got scammed out of $125k of stEth while trying to claim the $LFG airdrop. And I'm a fking founder of a wallet startup that's trying to improve wallet securityā¦
I can't believe this is happening, I've always been so careful. I saw article guide toā¦ pic.twitter.com/x56HR2z8xK
ā Bill Lou (@BillLou95) January 2, 2024
Most wallets require that users sign for a transaction before connecting to a particular decentralized application (DApp), which is the last line of defense before bad actors can move assets out of the wallet.
Etherscan data shows that the bad actor sent the stolen stETH to Uniswap (UNI) just minutes later, presumably to trade for other coins.
Lou said,
āThis is the first time Iāve been scammed. I always read about others but you never think it could happen to youā¦
It looked like such a simple message.
Itās always someone elseās problem.ā
Bitcoinworld earlier reported that BitMEX Founder Arthur Hayes lost a large amount of money in his recent crypto transactions.
The post Nest Wallet Co-founder, Bill Lou, Lost $125,000 Worth Of Coins To Fake Airdrop Scam appeared first on BitcoinWorld.
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