Crypto Holder Loses $520K in LINK to Fake Bridge Scam
A crypto investor has lost over $520,000 after falling for a fake cross-chain bridge scam. The victim, who had 22,415 LINK tokens (worth around $525,000 at the time), was tricked into signing a malicious transaction on January 4, according to Web3 security platform Scam Sniffer.
The attack targeted Telegram-based decentralized finance (DeFi) groups, preying on users looking for quicker bridging solutions. The scammers set up a fake crypto bridge website to steal funds from unsuspecting holders.
Scam Sniffer’s research highlights that wallet drainer phishing scams are on the rise in 2024. Over $494 million has been lost to such attacks, with more than 332,000 crypto addresses compromised—marking a 67% increase…
