NFT EveningNFT Evening

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Bored Ape Yacht Club Are Briefly Delisted On OpenSea

    June 30, 2022

    FC Porto Becomes The First EU Football Team In The Upland Metaverse

    June 30, 2022

    Richard Petty Track Titans NFT Collection To Launch For His 85th Birthday

    June 30, 2022
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • Home
    • News
    • Crypto Art
    • Collectibles
    • Blockchain games
    • Interviews
    • Guides
    • NFT Calendar
    • NFT Conferences
    NFT EveningNFT Evening
    News

    Otherside Phishing Scams Successfully Steal Blue-Chip NFTs

    By Ming HooiMay 2, 20224 Mins Read
    Share
    Twitter WhatsApp Reddit Email Facebook LinkedIn

    Yesterday, a number of scammers posted different links to a phishing website appearing similar to the Otherside NFT project page. Unfortunately, those who connected their wallets to the fake website ended up losing a ton of blue-chip NFTs.

    Luckily, with on-chain detective @zachxbt on the lookout, this type of fraud would get exposed to the full extent most of the time. Now, let’s find out how the Otherside phishing scam unfolded.

    Fake Otherside scam website.
    Beware! This is a fake Otherside webpage. Source: @zachxbt.

    Otherside phishing scams stole a number of blue-chip NFTs on the go

    To begin with, these scammers carried out the attack using the most common phishing method ever. How? By luring unsuspecting people to the Otherside phishing webpage as seen above. As you could probably guess, those who connected their Metamask wallets to the site ended up losing a significant amount of blue-chip NFTs.

    But how much are we talking about though? The answer: A $6.2 million loss in total.

    According to @zachxbt, there are 3 scammer wallets tied to the fraud. One of the scammer wallets (wallet 0xb87) robbed $1.03 million (369 ETH) worth of NFTs just yesterday alone. Its most notable steal included 4 MAYCs, 1 BAYC, and more than 30 plots of The Sandbox land NFTs. And all of these came from several users who fell victim to the phishing scam, right on the day of the Otherside mint.

    Another two wallets tied to the fraud: 0xa8 and 0x5d, contained a sum of $5.1 million worth of stolen NFTs. To illustrate, some of these stolen NFTs comprised of 4 BAYCs, 9 Azukis, 2 MAYCs, 2 WOWs, and more in both wallets. Needless to say, it was a nightmare for those who fell victim to the scam. Rather than getting to mint exclusive plots of the Otherside land NFTs, people lost their precious NFTs to the phishing scam instead.

    As to how these 3 wallets interlinked, @zachxbt managed to give NFTevening a quick overview of it. Basically, the 0xb87 wallet transferred a MAYC and several other NFTs to the 0x5D wallet. From there, 0x5D sent a number of NFTs to the 0xA8 wallet. Although there’s a chance that these could be OTC trades, the 0xb87 wallet is the one behind the scam for sure.

    Otherside scammer transaction.
    A snapshot of the scammer wallets’ transactions. Source: @zachxbt.

    A list of the Otherside phishing scammers’ wallet addresses

    To get the full picture, you can check out the transactions on Etherscan based on scammers’ wallet addresses below:

    • ($1.03 million) 0xb87A938eAe9425db9F0F802B66362AA0b88e1ABB 

    • ($3.58 million) 0xA8189c566c8b602E23b016DA819c11dAe50160D6
    • ($1.63 million) 0x5d97eEf1148D47db3cEd0DD7f6F508f38eA778F4

    Did scammers try to shut @zachxbt up?

    At one point, Twitter restricted @zachxbt’s account due to reports of suspicious activity. Without a doubt, fans suspected that the scammers went on to report @zachxbt on Twitter, after seeing him expose their shameless acts of phishing from those who wanted to mint the Otherside land NFTs. As of now, @zachxbt has regained access to his Twitter account. What a comeback at last!

    Final thoughts

    All in all, the key takeaway here is to never click on any unofficial or suspicious link. As of now, the scammers have already sold many of the stolen NFTs and sent their funds to the Tornado Cash. Sadly though, this incident will not be the last in the NFT space. In fact, as NFT gains in popularity, more scammers will step in to take advantage of NFT enthusiasts around the world.

    We hate to see more people falling into these scams. Hence, getting yourself educated on NFT storage and security would be your best bet against NFT frauds.


    Are you tired of missing important NFT drops?

    Check out our NFT Calendar!

    Receive the biggest NFT news of the day & recommendations in our Daily newsletter. 

    • All of our news is being sent daily on Telegram
    • We summarize the biggest news daily on Twitter & Instagram 
    • Learn with video tutorials and subscribe to our Youtube Channel 

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
    Ming Hooi

      Ming Hooi is a writer based in Malaysia. She is a fan of GameFi and loves keeping herself updated on the latest developments of crypto, GameFi, NFT, and Web 3.0 in general.

      More great NFT Evening content:

      Bored Ape Yacht Club Are Briefly Delisted On OpenSea

      June 30, 2022 News

      FC Porto Becomes The First EU Football Team In The Upland Metaverse

      June 30, 2022 News

      Saatchi Art Launching Jury-Curated NFT Photography Auction

      June 29, 2022 News

      The Sandbox Launches A Polygon LAND Bridge

      June 29, 2022 News
      Latests NFT News

      Bored Ape Yacht Club Are Briefly Delisted On OpenSea

      June 30, 2022

      FC Porto Becomes The First EU Football Team In The Upland Metaverse

      June 30, 2022

      Saatchi Art Launching Jury-Curated NFT Photography Auction

      June 29, 2022

      The Sandbox Launches A Polygon LAND Bridge

      June 29, 2022



      • Follow @NFTevening


      By signing up, you agree to the our terms and our Privacy Policy agreement

      NFT evening is the biggest website for NFT news. We are dedicated to supporting mainstream NFT adoption by making content fun & accessible. Learn about NFT collectibles, NFT art and the best blockchain games that even let you earn free crypto! Whether you want to invest in NFTs, create NFTs or simply collect them, NFTevening is the first stop for all the NFT news you need!

      Facebook Twitter Instagram YouTube
      Article Categories
      • Blockchain games
      • Collectibles
      • Crypto Art
      • Guides
      • Interviews
      • Metaverse
      • News
      • Sponsored Content
      NFT Calendar
      • Today’s NFT Drops
      • Upcoming NFT Drops
      • Solana NFT Drops
      • NFT Calendar
      • NFT Calendar : Add Your NFT Event
      Get In Touch
      • Advertise (Media Kit)
      • Collaboration and Press Releases
      • Job Opportunities
      • About Us
      • Contact Us
      NFT Beginners Guides
      • How to Sell NFT Art
      • How to Create NFT Art
      • How to Display NFT Art
      • How To Make Passive Income With NFTs
      • Best Crypto Wallet
      • Best NFT Coins
      • Best NFT Rarity Tools
      • What is a DAO ?
      • What Are Crypto Gas Fees ?

      Type above and press Enter to search. Press Esc to cancel.