Scammers have devised a cunning new scheme to steal cryptocurrency by capitalizing on the popularity of the Labubu toy brand.
The fraudulent tactic involves a fake website that lures victims with the promise of free tokens bearing the Labubu name.
The scam operates by enticing users to participate in a supposed token drop. To join, victims are instructed to connect their cryptocurrency wallets to the site. The website then requests access under the guise of verification. Once permission is granted, a malicious program activates, swiftly transferring funds from the victim’s wallet to the scammers’ accounts.
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This scheme preys on the trust and excitement surrounding branded digital assets, highlighting the need for heightened caution when engaging with unsolicited token offers. Users are urged to verify the legitimacy of any website or drop event and avoid granting wallet access to unverified platforms.
