The Forta Network has discovered a new type of crypto scam called “Sleepdrop”, which has affected a large number of users. The scam involves the presence of unexpected tokens from a seemingly legitimate contract in a user’s wallet. Users who do not avoid such airdropped tokens are at serious risk.
The Forta Network sent out a warning tweet on Thursday about the Sleepdrop. According to Forta, the scam works by mimicking the appearance of a genuine token through a technique similar to NFT’s “sleepminting”. But the bad guys specifically target ERC-20 tokens. So far, scammers have impersonated tokens from Uniswap, Chainlink, Lido, Circle and others.
According to the survey, 35% of crypto owners in Canada fall into the trap of crypto scammers.
Forta announces bounty to prevent ‘sleep drop’
Form: fraudulent token drop for many individuals. By doing this trick, on the surface it looks like the tokens come directly from the validation contract.
When connecting their wallet to the website, users sign a transaction that appears to link them to a decentralized application (Dapp). Unbeknownst to the user, however, this transaction actually requires the contract’s connection function, resulting in the transfer of a small amount of ETH. Fortunately, the Toronto Police Service recovered “a substantial portion of the lost funds”. However, the identity of the criminal is still unknown, which means they could be in another country. – Source: fortanetwork
