Crooks were aided by Labouba in the theft of the money.
Labubu Cryptocurrency Phishing Scam Exposed
A new scam has surfaced online, exploiting the brand of the popular Labubu toy. The scam involves cybercriminals creating phishing sites offering a free airdrop of a Labubu meme token. In reality, these sites aim to steal cryptocurrency from linked wallets.
Analysts from F6's Digital Risk Protection department have detected this deception scenario. According to a report by Gazeta.Ru, citing the press service of F6, a company specializing in information security, the identified sites have no connection to the Labubu meme token or the legitimate Labubu brand.
When victims attempt to claim the free tokens, they are prompted to connect their cryptocurrency wallets and grant permissions. Granting permission allows criminals to access information about the balance and transaction history of the cryptocurrency wallet. Once access is granted, the scammers can transfer funds out of the victim’s wallet without consent.
To protect yourself from the Labubu crypto scam, beware of unsolicited offers or airdrops promising free Labubu tokens, especially if promoted via unknown websites or social media channels. Verify the legitimacy of the website, and never connect your crypto wallet to unverified or suspicious websites. Avoid granting additional permissions on wallet extensions that ask for transaction signing or fund transfers unless you fully trust the site.
Additionally, do not share personal contact details, verification codes, or allow Telegram bots to engage on your behalf. Shop only from reputable vendors and ignore deals that seem too good to be true to avoid counterfeit or scam Labubu-related offers. If you suspect a scam or encounter suspicious sites or offers, report them to relevant authorities such as the Better Business Bureau or cybersecurity forums to warn others.
It's important to note that the Labubu meme token does exist, but it is not associated with these scam sites or the legitimate Labubu brand. The scam targets cryptocurrency owners and involves the theft of cryptocurrency, not the distribution of free Labubu tokens.
Stay vigilant, verify sources, and manage your wallet permissions carefully to protect yourself from this and other scams.
- Given the Labubu Cryptocurrency Phishing Scam, it's essential to remember that completion of financial transactions in cybersecurity domain should only be done with verified, trustworthy sources to avoid losing cryptocurrency.
- The scam involving Labubu meme tokens should serve as a reminder to always question offers of free airdrops, particularly when approached via unfamiliar websites or social media channels, as these could be potential avenues for cyberscriminals to steal technology-based assets.
