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[NO MOONS] Do not ever claim a "free NFT" or any other limited edition "NFT Mint" that you hear about on Reddit via posts or comments. Nearly all are scams and they will drain your wallet.

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by COINS NEWS 90 Views

This is a warning post regarding all the scams posts and comments that keep popping up on the sub. If someone is posting claiming that some organization is having a free NFT mint or a "low cost" NFT mint or any other NFT Mint. Do not claim it. Do not connect your wallet to it.

There are botted and manipulated by bad actors looking to drain your wallet.

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Heres how it works:

  1. Bad actor makes a post/comment about a fake NFT project
  2. Bad actors manipulates the post/comment to make it appear in hot and increase viewership
  3. Bystander clicks link and attempts to claim the NFT
  4. Bystander unintentionally gives the scammer permission over all the crypto in their wallet.
  5. Bystander wallet gets drained and they lose all their crypto

Yes you can lose all the crypto in your hot wallet by trying to mint a fake NFT.

These scammy projects will give the scammer full permission over your wallet, which then allows them to withdrawal all your crypto. Recently these bad actors have began blocking users who call them out to decrease likelihood of bystanders seeing a warning about it on the post itself.

submitted by /u/GabeSter
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