Yesterday, several scammers posted various links to a phishing website that looks similar to Otherside’s NFT project page. Unfortunately, those who connected their wallets to the fake website lost a lot of top-notch NFTs.

Luckily, most of the time, this type of scam would be fully exposed with on-chain detective @zachxbt. Now let’s find out how the otherside phishing scam evolved.

Also, phishing scams have stolen a number of blue-chip NFTs along the way

First, these scammers launched the attack using the most common phishing method of all time. As? By luring unsuspecting people to the Otherside phishing website as shown above. As you can probably guess, those who connected their Metamask wallets to the site ended up losing a significant amount of blue-chip NFTs.

But how much are we actually talking about? The answer: A total loss of $6.2 million.

According to @zachxbt, 3 scammer wallets are linked to the scam. One of the scammer wallets (wallet 0xb87) stole $1.03 million (369 ETH) worth of NFTs yesterday alone. His most notable theft included 4 MAYCs, 1 BAYC, and more than 30 properties from The Sandbox Land NFTs. And all this came from several users who fell victim to the phishing scam on the very day of the Otherside mint.

Two other wallets linked to the scam: 0xa8 and 0x5d contained $5.1 million worth of stolen NFTs. To illustrate, some of these stolen NFTs consisted of 4 BAYCs, 9 Azukis, 2 MAYCs, 2 WOWs and more in both wallets. Needless to say, it was a nightmare for those who fell victim to the scam. Instead of minting exclusive properties of the Otherside Land NFTs, people instead lost their valuable NFTs to the phishing scam.

How these 3 wallets are connected together @zachxbt managed to give NFTevening a quick overview. Basically, the 0xb87 wallet transferred a MAYC and several other NFTs to the 0x5D wallet. From there, 0x5D sent a series of NFTs to the 0xA8 wallet. Although there is a possibility that they could be OTC trades, the 0xb87 wallet is definitely behind the scam.

A list of wallet addresses of otherside phishing scammers

To get the full picture, you can look at the transactions on Etherscan using scammers’ wallet addresses below:

Have scammers tried to silence @zachxbt?

At one point, Twitter restricted @zachxbt’s account due to reports of suspicious activity. No doubt fans suspected the scammers tweeted @zachxbt after seeing him expose their shameless phishing exploits by those looking to coin the Otherside country NFTs. As of now, @zachxbt has access to his Twitter account again. What a comeback finally!

Final Thoughts

All in all, the most important takeaway here is never to click on any unofficial or suspicious link. So far, the scammers have already sold many of the stolen NFTs and sent their money to Tornado Cash. Unfortunately, this incident will not be the last in the NFT space. In fact, as NFT becomes more popular, more and more scammers will step in to take advantage of NFT enthusiasts around the world.

We hate to see more people falling for these scams. Therefore, it would be best to learn about NFT storage and security to avoid NFT scams.