Another Nasty Scam Targets Blue-Chip NFT Holders With Malicious Tokens

Opensea MOMOCO FREE listing

There is a new NFT scam on the block that is looking to steal blue-chip NFTs. In this specific case, Azuki 602 was scammed from the original NFT holder. Scammers are sending malicious tokens to Opensea accounts in hopes of them signing the token ‘approval’ notice.

0xQuit is one of the most recognized people vetting smart contracts in the entire NFT space. He posted a thread detailing the ins and outs of this new scam token.

Opensea MOMOCO FREE listing

Free airdropped Momoco NFTs seems to be the latest malicious tokens scam.

The airdrop scammed users received is called Momoco. Further, the contract shows that the ‘OwnerOf’ function has been overridden to return the same token ID.

Do Not Interact With Any Airdropped Malicious Token Functions

No token can do anything to your wallet without you approving the token function. Furthermore, the scammers need one more step after airdropping the malicious token. Consequently, they need you to interact with the said token.

The Momoco NFT Opensea description encourages users to check out their site for a free mint. Now, it is very well known not to interact with NFTs you didn’t buy or mint. In addition, one of the NFT spaces’ biggest no no’s is clicking on any unofficial links.

Through the “free mint,” the scammers were able to steal valuable NFTs from users who connected their wallets and minted. Nonetheless, scams like these continue to pop up all the time and NFT collectors need to be diligent. The three best ways to avoid being scammed are, to close your discord DMs, ignore Twitter spam tags and ignore all unknown NFT airdrops.

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