
US Charges Six in Alleged Madagascar NFT Wallet-Draining Scheme
The Defiant reports US charges against six people over an alleged NFT wallet-draining scheme run from Madagascar. An FBI affidavit estimates at least $516,695 in losses across 74 victim-linked wallets. It describes unlimited USDT spending approvals as the mechanism. The fetched text holds only the subtitle, so the scheme's mechanics and the defendants are not covered here.
TL;DR News report on US charges against six people over an NFT wallet-draining scheme, citing an FBI affidavit with $516,695 in losses.
Organisations named here
- approval phishing
- FBI
- unlimited token approval
- wallet drainer
Technologies named here
- NFT holders' crypto wallets
- USDT token spending approvals
- Tether
Threat actors named here
- Alleged Madagascar-based NFT wallet-draining scheme
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