“Payzero” Scams and The Evolution of Asset Theft in Web3
Credit to Author: Fyodor Yarochkin| Date: Wed, 18 Jan 2023 00:00:00 +0000
In this entry, we discuss a Web3 fraud scenario where scammers target potential victims via fake smart contracts, and then take over their digital assets, such as NFT tokens, without paying. We named this scam “Payzero”.
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