Nest Wallet CEO loses $125k

The Solana Network, riding a wave of increased trading activity, also sees an increase in airdrop scams. 

The CEO of Nest Wallet fell victim to a phishing attack today, losing $125,000 in a fake LFG token airdrop campaign. The scam, targeting Ethereum users for migration to Solana, lured victims through a fraudulent website. Like several other users, the Nest Wallet CEO, Bill Lou, was deceived by a Google link. In his posts, Lou has asked for the help of popular blockchain investigators, including ZachXBT. 

This particular scam gained credibility due to its timing. Earlier today, the LFG project did announce a genuine airdrop, which Solana Labs co-founder Anatoly Yakovenko also shared on his X account. The LFG project has also acknowledged the scam and called for vigilance, urging users to report any impersonations. 

Furthermore, scam attempts involving other projects on the Solana Network have been reported. A user on X shared a close call with a scam related to the Jupiter Exchange airdrop, a decentralized trading platform on Solana. 

These incidents should serve as a cautionary tale, reminding the community to be wary of too-good-to-be-true offers and to verify the authenticity of airdrop claims.

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