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  <p class="is-style-lead">A recent phishing attack involving a fake LayerZero airdrop targeting Twitter users has drained multiple crypto wallets.</p> 
  <p>In a recent tweet, the security firm Certik advised users to be careful about any airdrops. They further said that the fake giveaway is being promoted on Twitter by accounts impersonating <a href="https://crypto.news/layerzero-to-launch-btc-b-across-blockchains/" rel="noopener noreferrer nofollow">Layer Zero</a>. </p> 
  <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/CertiKSkynetAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CertiKSkynetAlert</a> 🚨<br><br>Beware of a fake Layer Zero airdrop being promoted on Twitter<br><br>Do not interact with hxxps://project-layerzero.com/<br><br>Site connects to a known wallet drainer<a href="https://t.co/Wt8Ast1GvS" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Wt8Ast1GvS</a><br><br>Stay safe!</p>— CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1680483201733500929?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 16, 2023</a> 
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    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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  <p>The tweets include links to a fake LayerZero website. When users <a href="https://crypto.news/openai-ctos-twitter-account-hijacked-to-promote-crypto-scam/" rel="noopener noreferrer nofollow">click</a> on the links, they are taken to a website that looks like the official LayerZero website.</p> 
  <p>The fake platfrom asked users to connect their cryptocurrency wallets to claim their airdrop. Once users connected, the website <a href="https://crypto.news/celebrity-marketer-raichu-accused-of-over-50-nft-scams/" rel="noopener noreferrer nofollow">drained</a> their wallets of all cryptocurrency holdings.</p> 
  <p> You might also like: <a href=" https://crypto.news/scammers-exploit-threads-launch-impersonating-crypto-twitter-users/" rel="noopener noreferrer nofollow"> Scammers exploit Threads launch, impersonating crypto Twitter users </a> </p> 
  <h2 class="wp-block-heading" id="crypto-scams-on-the-rise">Crypto scams on the rise&nbsp;</h2> 
  <p>According to the recent <a href="https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/" target="_blank" rel="noopener noreferrer nofollow">Chainalysis</a> Crypto Crime 2022 Report, crypto-related crimes saw a staggering global increase of 79% in 2021. In just one year, illicit addresses received a staggering $14 billion. </p> 
  <p>The <a href="https://edition.cnn.com/2022/06/04/business/cryptocurrency-scammers-ftc-warning/index.html#:~:text=Cryptocurrency%20scammers%20have%20stolen%20over%20%241%20billion%20from,fraud%20%E2%80%93%20more%20than%20any%20other%20payment%20method." target="_blank" rel="noopener noreferrer nofollow">Federal Trade Commission</a> (FTC) further revealed that between January 2021 and June 2022, over $1 billion in cryptocurrency was lost to various scams, impacting more than 46,000 individuals who reported losses. Among these crimes, scams emerged as the highest-revenue form of cryptocurrency-based criminal activity, and their overall revenue continues to be significant in 2023.</p> 
  <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
   <div class="wp-block-embed__wrapper"> <iframe title="Warning! These are FAKE Airdrops!" width="1020" height="574" src="https://www.youtube.com/embed/iSPRRi1bC9s?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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  <p>Numerous crypto scams have inflicted significant financial harm on market participants in recent years. One such example is the infamous OneCoin scam, estimated to have led to losses exceeding $25 billion. This makes it one of the most substantial cryptocurrency scams ever recorded. </p> 
  <p>Another notable case is the <a href="https://crypto.news/bitconnect-victims-to-receive-17m-in-compensation/" rel="noopener noreferrer nofollow">BitConnect scam</a>, which caused investors to suffer losses totaling around $4 billion. Additionally, the Bitclub Network scam is believed to have resulted in losses reaching up to $722 million.&nbsp;</p> 
  <p>Other crypto scams, such as fake bitcoin investment schemes, rug pulls, romance scams, phishing attacks, and fraudulent employment offers, have also been recorded in recent years.</p> 
  <p> Interestingly, cryptocurrency frauds, such as pig butchering (a fraudulent scheme promising high returns), have become increasingly common and represent a significant portion of scams. Cryptocurrency-related fraud saw a staggering 183% increase from 2021.</p> 
  <p>As the cryptocurrency industry progresses, governments globally are intensifying their endeavors to establish regulations that mitigate <a href="https://crypto.news/bored-ape-worth-147-8k-stolen-in-latest-phishing-attack/" rel="noopener noreferrer nofollow">risks</a> and safeguard investors. Notable events, including the collapse of FTX and regulatory measures taken against exchanges like Binance, have emphasized the necessity for robust oversight.&nbsp;</p> 
  <p> Read more: <a href="https://crypto.news/canadian-teens-impersonate-coinbase-support-stealing-over-4m-in-crypto/" rel="noopener noreferrer nofollow"> Canadian teens impersonate Coinbase support, stealing over $4m in crypto </a> </p>
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Fake LayerZero airdrop drains victims’ wallets

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