Cryptocurrencies and Non Fungible tokens have become popular lately as the next big thing. Investors are flocking in without really understanding what the blockchain technology is all about on which these “assets” are built on. There are still some security vulnerabilities and kinks that need to be ironed out. Gaming apps use “bridges” that help different crypto tokens to be exchanged or converted and there have been many scams where the money has been stolen. This new technique involves infiltrating social media accounts for Instagram accounts for individual users or corporates, posting links to dubious sites and defrauding or tricking users to pay scammers. Fake links are also appearing on SMS messages.
Users need to protect themselves from the risk of being scammed. Always log on using the official secure sites and resist the temptation to click on links.