- Nest Wallet CEO fell victim to a phishing attack.
- The attack drained thousands of dollars from the CEO’s wallet.
- The CEO urged users to exercise caution on the internet to avoid becoming victims.
The co-founder and CEO of Nest Wallet has lost thousands of dollars after falling victim to a phishing attack that duped him into claiming a fake LFG airdrop.
The development follows the official launch of the LFG token airdrop on January 1. The LFG team launched the airdrop to reward Ethereum users who have spent over $4,269 in gas fees since 2016 and onboard them to the Solana blockchain.
Phishing Attack Drains Nest Wallet CEO’s Wallet
In a long post shared on Twitter (X) on January 2, Nest Wallet CEO Bill Lou revealed that he had lost $125,000 of stEth while trying to claim what he thought was a legitimate LFG token airdrop.
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Per the post, the CEO clicked a dubious link to an article on Medium, which redirected him to sign a message on his MetaMask Wallet. Lou clarified that he used MetaMask instead of Nest Wallet because he “had a test version installed and was fixing some bugs.”
After confirming the sign message, the attack drained 52 stEth from the CEO’s wallet.
“This is the first time I've been scammed. I always read about others but you never think it could happen to you...It looked like such a simple message. It's always someone else's problem. Anyone who can help would be appreciated...,” Lou wrote.
Urging users to be cautious of the phishing attack, which he claimed emanated from an article “top of the Google,” the CEO asked popular blockchain detective ZachXBT or “anyone else” to assist with the situation.
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But Lou might not be the only victim. The phishing attack seems rampant and ongoing, prompting the LFG team to address the matter and urging users to report scam accounts impersonating the team. “Please do the same and help protect your fellow users!” The team wrote on X.
Read about the latest report on crypto phishing scams:
324,000 Crypto Investors Fell Prey to Phishing Scams in 2023
Stay updated on the recent attack on the Orbit cross-chain bridge:
Orbit Cross-Chain Bridge Hit for $82 Million
