SUI Warns Users of Growing NFT Scams as Its Altcoin Breaks $1.8-web3.0-php.cn

SUI Warns Users of Growing NFT Scams as Its Altcoin Breaks $1.8

Barbara Streisand

Release： 2024-10-01 15:58:13

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Leading blockchain network SUI is in news for its altcoin's recent high after breaking through $1.8, but amidst the slight rally, the network has also

SUI Warns Users of Growing NFT Scams as Its Altcoin Breaks src=

Leading blockchain network SUI is making headlines once again as its native altcoin recently surged past the $1.8 mark. However, amidst this slight rally, the network has issued a warning to users regarding a concerning trend—NFT scams.

According to data from CoinMarketCap, SUI's native token, SUI, broke through $1.8 to reach a recent high of $1.8796. At the time of writing, the token is trading at $1.84, reflecting a 24-hour gain of 7.23%.

Interestingly, the token has witnessed a surge of 19.18% over the last 7 days and seems to be enjoying bullish sentiments within its community. Moreover, the network has experienced a 100% jump in the past month, driving the ecosystem's Total Value Locked (TVL) from $600 Million to over $1 Billion.

Despite its winning performance, SUI is alerting users to the presence of bad actors attempting to spoil the positive community vibes. Sui notified users via Twitter, “Scammers are increasingly airdropping fake NFTs into user's wallets.

These NFTs often mimic legitimate projects and direct you to a phishing website which attempts to trick you into connecting your wallet and approving transactions under the guise of receiving rewards. Don’t FALL for it.”

SUI further outlined precautionary measures for users, advising them to disregard any unexpected airdrops that they haven't been notified about beforehand. The network also asked users to conduct their own research (DYOR) and double-check the project website. The message concluded, “Inspect URLs Carefully: Scammers often alter web addresses by using small changes (ie: small spelling differences or altered domain endings like “.com” vs. “.net”)”.

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