School Kids Drain Your NFTs?
Some call kids the flowers of life; others prefer referring to them as juvenile delinquency. The drain of NFT funds is the chief reason why.
The crypto/ NFT domain is no stranger to heists and scandals. And it seems like a lot of them are performed by pupils.
According to pseudonymous security researcher Plum, an NFT marketplace OpenSea trust and safety team member, 95% of heists are performed by kids below the age of 18. This is why, he says, the number of attacks tends to increase during the summer holidays.
As a rule, the culprits usually go to Telegram or Discord to purchase drainers that allow them to steal the funds while also giving some of the proceeds to their developer.
Just recently, an NFT scam took the shape of a journalistic inquiry, with Orbiter Finance falling victim to it. The perpetrator seized control of their Discord server and organized a fake airdrop. As a result of this heist, the culprit stole $1,000,000 worth of NFTs and tokens in the blink of an eye.
While the exact age of those perpetrators is unknown, Plum claims that these types of malicious actions are indeed performed by students.
“I personally have talked to quite a few of them and know they’re still in school,” said Plum. “I’ve seen pictures and videos of various of them from their schools. They talk about their teachers, how they’re failing their classes, or how they need to do homework.”
Plum also alleges that these children are not too preoccupied with remaining under the radar, purchasing expensive things with the stolen money. Such as laptops, phones, shoes, and more.
They seem to be especially fond of the Roblox game, where they buy the coolest gear for their Roblox avatar, video games, skins, and things like that,” said Plum.
Their other interests include gift cards from Bitrefill, spending hefty sums on Uber Eats, gambling, and more.
Sometimes they bet as much as $40 000 during online poker games.
Even though some of them leave “an ample of evidence”, according to Plum, law enforcement doesn’t appear to be interested in catching them. This enables them to continue their endeavors.
Previously, GNCrypto wrote an article about crypto fraud and why it’s impossible to catch them all.
