Cryptocurrency and NFT Theft by Loyalist/Lukas/Shibango through Twitter Phishing Fraud

02/16/2023 13:50 • Metaverse Matters • 83 views

According to reports, Zach XBT, an online data analyst, said that since the beginning of 2022, Loyalist/Lukas/Shibango has stolen cryptocurrency and NFT worth more than $4 million by running phishing fraud on Twitter and cooperating with other known phishing fraudsters. Zach XBT said that 1741 NFTs were found stolen by Loyalist and 416 independent victims were observed.

ZachXBT: Hacker Loyalist has stolen more than $4 million of cryptocurrency and NFT since the beginning of 2022

Analysis based on this information:

The message reports that Zach XBT, an online data analyst, has revealed an alarming trend of theft of cryptocurrency and NFTs by a group of fraudsters known as Loyalist/Lukas/Shibango. According to the analyst, the group has stolen over $4 million worth of digital assets since the beginning of 2022 by using phishing fraud on Twitter and collaborating with other known fraudsters in the same business.

Phishing fraud is a technique used by cybercriminals to trick unsuspecting victims into revealing their sensitive information, such as login details or payment credentials, through fake messages, emails, or websites. In the case of Loyalist/Lukas/Shibango, the fraudsters have used Twitter to lure their victims into clicking on malicious links and entering their crypto wallets’ private keys or seed phrases.

The theft of 1741 NFTs and 416 independent victims’ loss shows the scale of the crime committed by Loyalist/Lukas/Shibango. NFT or Non-Fungible Tokens are unique digital assets that represent ownership of a specific artwork, video, or music. The rising popularity of NFTs has attracted many fraudsters who are trying to cash in on the craze.

The message highlights the importance of being vigilant while using social media platforms such as Twitter, especially when dealing with crypto-related information. Users should avoid clicking on links from unknown sources or disclosing their private keys to anyone.

The incident also emphasizes the need for strict regulations and laws to prevent the theft of digital assets and punish those who commit such crimes. Cryptocurrency and NFT thefts are increasing, and it is essential to have adequate measures to protect investors from cyberattacks.

In conclusion, the theft of cryptocurrency and NFTs by Loyalist/Lukas/Shibango through Twitter phishing fraud is a significant concern for the crypto industry. Users must exercise caution and follow best practices to avoid falling prey to such scams. The incident underlines the importance of having robust security measures and regulations to protect digital assets and investors.

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