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Fractal NFT Platform Victim Of Scam

Fractal NFT Platform Victim Of Scam

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Fractal NFT Platform Becomes Victim of Scam even before its Launch.

Justin Kan’s Fractal NFT platform, marred with scam even before its debut. Hack attacks and scams are rampant when it comes to the crypto-verse. Despite billions of dollars of investments in the domain, the crypto space is still vulnerable and hostile for new users.

Fractal NFT Platform Becomes Victim Of Scam Before Launch
Fractal NFT Platform Becomes Victim Of Scam Before Launch

The incident happened where Justin Kan’s Fractal NFT’s platform became a victim of a spoofing scam. The scammer was smart enough to hack Fractal’s announcement bot on Discord.

The bot got hacked because one of Grape Protocol’s admin got hacked. The hacked bot then sent out a fraudulent link to more than 100,000 users of Fractal to pay a certain amount for a new NFT. The announcement message promised users access to 3,333 NFTs to celebrate the platform’s success.

Fractal NFT scam

The access was promised via a link with a fake URL where ‘L’ of Fractal was replaced with a capital ‘I’. The link took users to a minting website where the users paid and earned nothing in return.

The scammer made $150K and took off. Fractal was scheduled to launch later this week but a scam has marred its launch. Fractal is backed by Kan’s GOAT Capital fund which has already promised the victims of reimbursement.

The tweet said, “If you lost your Sol – we will reimburse you. We will announce further update soon.” A total of 373 users fell victim to the scam and the company is willing to pay them in the coming days.

Fractal NFT Platform Becomes Victim Of Scam Before Launch
Fractal NFT Platform Becomes Victim Of Scam Before Launch

The Grape Protocol’s admin hack also resulted in the Monkey Kingdom hack where $1.3 million worth of cryptocurrency got hacked. Both hacks took place over Discord which shed light on Discord’s vulnerability against hackers.

Fractal recently set up an anti-scam channel where they urge users to flag suspicious users.

Moreover, Fractal also reiterated that it “will NEVER ask for you to send funds to any address, and there’s NO google form to fill out.”

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Fractal NFT Platform Victim Of Scam

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Fractal NFT Platform Victim Of Scam

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.