Crypto Trader Gets Scammed Out of $520K in LINK by Fake Bridge Hustle

A crypto trader got scammed an outrageous amount of $520K worth of Chainlink (LINK) tokens after the person fell for a really sketchy and scummy fake bridge scam shared in a Telegram Decentralized Finance group. The scammers had promised the individual a faster and smoother way and procedures to move tokens but did the most heinous act of cleaning out the trader’s wallet, showing just how ruthless phishing scams in crypto have become.

Imagine losing half a mil in crypto because you clicked on the wrong link. That’s what happened to one DeFi trader who got punk’d by fraudsters running a fake bridge scam. The victim turned over 22,415 LINK tokens, valued at more than $520,000, after being tricked into signing a malicious transaction back on January 4, says Major L.

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Here’s the tea: the scammers dropped a link in a Telegram DeFi group, hyping up their “faster bridging solution.” It looked legit, but it was all cap. The moment the trader signed off, the funds were gone.

According to Web3 security watchdog Scam Sniffer, in the previous year alone, crypto peeps have lost a brutal $494 million to wallet-draining scams-a 67% increase from last year. And these scammers are leveling up, pulling stunts like fake Google Ads and even phishing through Zoom calls.

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Lesson here? Don’t trust random links, double-check URLs like your life depends on it, and stay sus of anyone being *too* helpful. Crypto space is a jungle-move smart or get rugged.

Sahil Poudel

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