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[Serious] Don’t interact with random NFTs

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by COINS NEWS 59 Views

Have you ever been looking at your wallet and noticed that it is filled with some random NFTs from all over the place?

If your first instinct were to transfer these NFTs away from your wallet, then congrats, you lost everything.

These NFTs are scam NFTs. If you try to send them out of your wallet, move them or sell them, you will need to approve a contract. However, most of these NFTs have smart contracts that will drain your wallet of most of of your funds.

What can you do?

  • Nothing
  • You can visually hide them from your wallet, but cannot remove them safely

What should you NOT do?

  • Interact with the NFTs in any way
  • Attempt to sell or transfer them
  • Approve any related smart contracts

How to detect if it’s a scam NFT?

  • If you don’t recognize it, it’s 99% a scam. No one will spent time and gas fees sending you an NFT normally. If the NFT is worth something, then it is also probably a scam. No one will send you free money
  • If the smart contact requires a significantly larger amount of gas to be approved. It it needs a lot more gas than your average NFT contract, it’s a tell tale sign that it’s a scam

As always, good luck and happy trading

Stay safe out there

submitted by /u/Pooky135790
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