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According to Blockworks, OpenSea has delisted a suite of counterfeit Reddit NFTs purported to exploit the hype generated by the social media giant’s foray into Web3. The popularity of Reddit’s official NFT Collectible Avatars shot up dramatically this month, with daily transaction volume setting a new record on Sunday of over $2 million. But the platform has, so far, let at least one fraudulent NFT collection —- the images of which had apparently been right-click saved — mingle with the legitimate tokens viewable via Reddit’s official OpenSea collectibles page for at least 24 hours, according to two sources familiar with the matter. Taking advantage of NFT platform RPlanet’s Genesis airdrop on Oct. 25, the scammer was able to flood Reddit’s Opensea page with their own minted and airdropped ERC-721 tokens. Blockchain analytics firm Halborn said they had potentially identified the scammer’s main address, which contained roughly $4,500 in various assets. The firm was unable to definitely link the address. A total figure for the amount stolen remains unknown.

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【Scammers spread fake Reddit NFTs on OpenSea】According to Blockworks, OpenSea has delisted a suite of counterfeit Reddit NFTs purported to exploit the hype generated by the social media giant’s foray into Web3. The popularity of Reddit’s official NFT Collectible Avatars shot up dramatically this month, with daily transaction volume setting a new record on Sunday of over $2 million. But the platform has, so far, let at least one fraudulent NFT collection —- the images of which had apparently been right-click saved — mingle with the legitimate tokens viewable via Reddit’s official OpenSea collectibles page for at least 24 hours, according to two sources familiar with the matter. Taking advantage of NFT platform RPlanet’s Genesis airdrop on Oct. 25, the scammer was able to flood Reddit’s Opensea page with their own minted and airdropped ERC-721 tokens. Blockchain analytics firm Halborn said they had potentially identified the scammer’s main address, which contained roughly $4,500 in various assets. The firm was unable to definitely link the address. A total figure for the amount stolen remains unknown.

Scammers spread fake Reddit NFTs on OpenSea

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