The malicious link netted the Moonbird NFT scammer $1.5 million from a member of the Proof Collective.

A member of the Proof Collective was scammed and lost 29 valuable Ethereum (ETH) based moonbirds. According to a Cirrus tweet on Wednesday morning, the victim lost 29 non-fungible Moonbird tokens (NFTs) worth $1.5 million after clicking on a malicious link shared by the scammer.

Dollar, a Twitter personality and owner of the NFT, has stated that the so-called perpetrator has already been half-swindled by the cryptocurrency exchange, and that the Proof Collective and its members are currently working on a full report for the FBI.

Another Just1n.eth user stated that when trying to negotiate a deal, the trader insisted on using the dubious “p2peer” platform to complete the transaction. Sulfaxyz confirmed that this happened to him as well and identified the scammer as the same perpetrator.

It’s unclear how many victims were scammed in total, but it’s a stark reminder that even the savviest NFT investors should be wary of scammers. Recent crypto scams are a severe wake up call for NFT holders to exercise caution when dealing with third party platforms and verify everything others share, even if they appear to be trustworthy.

Cointelegraph recently reported that NFT creator Mike Winkelman, better known as Beeple, had his Twitter account hacked in a phishing attack. The scam netted the attacker $438,000 in crypto and NFTs from a hacked Beeple account.

Related: Wanted: Massive Educational Project to Combat Hacking and Fraud

Earlier this month, cybersecurity firm Malwarebytes published a study highlighting the rise in phishing attempts as scammers try to capitalize on the NFT mania. According to the company, scammers most often use fraudulent websites that masquerade as genuine platforms.

Source: CoinTelegraph