One tweet from CryptoBatz, posted on December 31st, 2021, received more than 4,000 retweets and hundreds of replies. The tweet was only removed on January 21st after CryptoBatz was contacted by The Verge. On clicking the scam link, the invite panel for the fake Discord showed the total number of members as 1,330, an indication of the number of people who could potentially have been fooled by the scam. Inside the server, a bot spoofing community management service Collab Land asked users to verify their crypto assets to participate in the server — but directed users to a phishing site where they were prompted to connect their cryptocurrency wallets.
Tim Silman, a nonprofit employee, is one person who lost money through the scam. Silman estimates that around $300â”400 in ETH was drained from his wallet after he visited the fake Discord server through a link posted on the CryptoBatz website. […] An Ethereum wallet address Silman indicated was linked to the scammers had received a series of incoming transactions totaling 14.6 ETH ($40,895) on January 20th and sent it onwards to a wallet containing more than $150,000. The project had been slow to remove the bad links, even when informed, Silman said. Even as the fake link remained present in a prominent tweet, the CryptoBatz project continued to hype the public token mint. As of January 21st, CryptoBatz NFTs were being resold on OpenSea for around 1.8 ETH ($5,046). Sutter Systems, developers of the CryptoBatz NFT, laid blame for the scam squarely with Discord. “In our opinion this situation and hundreds of others that have taken place across other projects in the NFT space could have easily been prevented if Discord just had a better response/support/fraud team in place to help big projects like ours.”
Read more of this story at Slashdot.