3.
While blockchain technology is secure and decentralized, not all networks are created equal. Some blockchains are more vulnerable to hacks than others.
Plus, many of these NFTs are not stored on-chain, which means the NFT is stored on a centralized server and linked to the blockchain. As such, off-chain NFTs are easier to hack and steal than on-chain NFTs.
Phishing is also a major concern, as scammers can create fake websites and wallets that look identical to the real thing. This makes it easy for them to steal your private keys — and your NFTs.
Discord has become the new destination for NFT traders to talk about the latest trends, find new projects to invest in, and more. But this also makes it a prime target for scammers.
One such case is when Twitch co-founder, Justin Kan, had his NFT Discord server compromised. Specifically, one of his bots was hacked, which sent out a fake link announcement. This resulted in over US$150,000 worth of SOL being sent to a scammer's wallet.
There's not much the people could have done in this case, but it shows just how careful you need to be when dealing with cryptocurrency and other decentralized assets.
