• ZachXBT recently called out two Twitter accounts, @radako and @Fitz_lol, for perpetrating multiple NFT-related scams over the past month.
• These accounts suddenly began using NFT profile pictures and tweeting about NFTs at the end of last month, resulting in their follower accounts rapidly increasing.
• ZachXBT warns followers to be wary of these accounts and to avoid any interactions with them.
On Friday, popular on-chain sleuth ZachXBT warned followers to be wary of two Twitter accounts that have been perpetrating multiple NFT-related scams over the past month. According to ZachXBT, the accounts @radako and @Fitz_lol have been utilizing NFT profile pictures and tweeting about Non-Fungible Tokens (NFTs) since the end of December 2020, resulting in a rapid increase in their follower accounts.
The sudden rise in popularity of these accounts caught the attention of ZachXBT and other crypto analysts, who immediately began to investigate their activities. After further research, it became clear that these accounts were engaged in fraudulent activities targeting unsuspecting NFT buyers. The scam involves the accounts promising to give away rare NFTs to their followers, only to abruptly disappear with the NFTs after the followers have sent funds.
This type of scam is becoming increasingly common, as scammers are taking advantage of the growing NFT market. ZachXBT warns followers to be wary of these accounts and to avoid any interactions with them. The analyst also encourages others to report any suspicious activity to Twitter and other social media platforms.
As the NFT market continues to grow, it is important that crypto users remain vigilant and avoid any suspicious activities. By doing so, they can protect themselves and their funds from falling prey to NFT scams.