2024

Uniswap

Arthur

<a href="https://bitcoinworld.co.in/nest-wallet-co-founder-bill-lou-lost-125000-worth-of-coins-to-fake-airdrop-scam/" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400;">Bill Lou, founder of Nest crypto wallet says he lost $125,000 worth of coins after falling for fake airdrop scam.</li>
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The co-founder of a crypto wallet Nest Wallet, says he has been “devastated” by accidentally clicking on a fake airdrop scam.
Nest Wallet co-founder, Bill Lou, said he recently lost over $123,000 in staked Ethereum (stETH) while trying to participate in an airdrop.
On the social media platform <a href="https://twitter.com/BillLou95/status/1742098683133612370" rel="noopener noreferrer nofollow">X</a>, Lou shares his story, noting that fell victim to the scheme despite being an expert in wallets and crypto security.
See Also: <a href="https://bitcoinworld.co.in/the-most-common-crypto-scams-to-look-out-for-in-2024/" rel="noopener noreferrer nofollow">The Most Common Crypto Scams To Look Out For In 2024</a>
“I’m devastated guys…
I just got scammed out of $125k of stEth while trying to claim the LFG airdrop. And I’m a founder of a wallet startup that’s trying to improve wallet security…
I can’t believe this is happening, I’ve always been so careful. I saw an article guide to the airdrop and follow the link to sign a message. I didn’t even question it….”
<blockquote class="twitter-tweet">
 I'm devastated guys…
 I just got scammed out of $125k of stEth while trying to claim the <a href="https://twitter.com/search?q=%24LFG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LFG</a> airdrop. And I'm a fking founder of a wallet startup that's trying to improve wallet security…
 I can't believe this is happening, I've always been so careful. I saw article guide to… <a href="https://t.co/x56HR2z8xK" rel="noopener noreferrer nofollow">pic.twitter.com/x56HR2z8xK</a>
 — Bill Lou (@BillLou95) <a href="https://twitter.com/BillLou95/status/1742098683133612370?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 2, 2024</a>
</blockquote>

Most wallets require that users sign for a transaction before connecting to a particular decentralized application (DApp), which is the last line of defense before bad actors can move assets out of the wallet.
Etherscan data <a href="https://etherscan.io/tx/0xf62c683422729f16c2c7e87147619fab8d1862406821fd406342243291fb5605" rel="noopener noreferrer nofollow">shows</a> that the bad actor sent the stolen stETH to Uniswap (UNI) just minutes later, presumably to trade for other coins.
Lou said,
“This is the first time I’ve been scammed. I always read about others but you never think it could happen to you…
It looked like such a simple message.
It’s always someone else’s problem.”
Bitcoinworld earlier <a href="https://bitcoinworld.co.in/bitmex-founder-arthur-hayes-lost-a-large-amount-of-money-in-his-recent-crypto-transactions/" rel="noopener noreferrer nofollow">reported</a> that BitMEX Founder Arthur Hayes lost a large amount of money in his recent crypto transactions.
The post <a href="https://bitcoinworld.co.in/nest-wallet-co-founder-bill-lou-lost-125000-worth-of-coins-to-fake-airdrop-scam/" rel="noopener noreferrer nofollow">Nest Wallet Co-founder, Bill Lou, Lost $125,000 Worth Of Coins To Fake Airdrop Scam</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Nest Wallet Co-founder, Bill Lou, Lost $125,000 Worth Of Coins To Fake Airdrop Scam

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