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The co-founder of a crypto wallet says he has been \u201cdevastated\u201d by accidentally clicking on a fake airdrop scam.<\/p>\n
Nest Wallet co-founder Bill Lou says he\u00a0recently lost<\/a> over $123,000 in staked Ethereum (stETH<\/a>) while trying to participate in an airdrop.<\/p>\n On the social media platform X, Lou shares his story, noting that fell victim to the scheme despite being an expert in wallets and crypto security.<\/p>\n \u201cI\u2019m devastated guys\u2026<\/em><\/p>\n I just got scammed out of $125k of stEth while trying to claim the LFG airdrop. And I\u2019m a founder of a wallet startup that\u2019s trying to improve wallet security\u2026<\/em><\/p>\n I can\u2019t believe this is happening, I\u2019ve always been so careful. I saw an article guide to the airdrop and follow the link to sign a message. I didn\u2019t even question it\u2026.\u201d<\/em><\/p>\n Most wallets require that users sign for a transaction before connecting to a particular decentralized application (DApp), which is the last line of defense before bad actors can move assets out of the wallet.<\/p>\n Etherscan data<\/a> shows that the bad actor sent the stolen stETH to Uniswap (UNI<\/a>) just minutes later, presumably to trade for other coins.<\/p>\n Says Lou,<\/p>\n \u201cThis is the first time I\u2019ve been scammed. I always read about others but you never think it could happen to you\u2026<\/em><\/p>\n It looked like such a simple message.<\/em><\/p>\n It\u2019s always someone else\u2019s problem.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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