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The user under the nickname s27 lost the non-fungible BAYC #1584 and NFT tokens from the Mutant Ape collection under the numbers #13168 and #13169. The owner of the tokens was deceived during the exchange.
A new case of NFT scam was reported on Twitter by an anonymous analyst under the pseudonym 0xQuit. Instead of valuable tokens, s27 received useless images during the exchange. One of the victim’s NFTs, BAYC #1584, belongs to a rather rare token with a portrait of a monkey blowing a chewing gum bubble. There are only 119 of these.
Today, bored ape holder “s27” lost their bubble gum ape and matching mutants ($567k at current floors) in an instant. This is a thread on how it happened, and how to prevent something similar from happening to you. 1/
— quit (@0xQuit) April 5, 2022
Instead of using a platform like OpenSea, s27 was going to save on commissions and exchange tokens on the swapkiwi platform, which allows you to directly transfer tokens between collectors. The scammer copied images of rare Bored Ape and Mutant Apes NFTs and uploaded these duplicates to the OpenSea platform, then offered s27 to exchange tokens.
The swapkiwi platform authenticates the tokens, but to verify the authenticity, it watermarks the NFT display itself. Therefore, the scammer simply marked this watermark on the image of his tokens and s27 believed in the authenticity of the offered NFTs. As a result, I exchanged with a scammer and received useless duplicate tokens of the originals, and even with a watermark. The amount of losses is estimated at $567,000.
After the exchange, the fraudster immediately sold a token from the BAYC collection for 98 ETH ($337,000), which is significantly lower than the minimum price of such tokens (111 ETH). NFTs from the Mutant Ape collection were also sold below the minimum price.
Analyst 0xQuit emphasized that the developers of swapkiwi need to make a new, separate badge about the authenticity of the tokens. Representatives of the platform released a statement in which they said that they are constantly working to improve their site.
At the end of March, the owner of tokens from the Bored Ape Yach Club and Mutant Ape collections fell into a fraudulent trick. Instead of ETH, he accepted DAI stablecoins as payment and received $140 instead of $470,000.
#owner #NFT #collection #lost #due #scammers