RARE BEARS

DESCRIPTION OF EVENTS

The RareBears Twitter @BearsRare posted an announcement after

"THIS IS A SCAM ACCOUNT!! Please report them and DO NOT click the links to their FAKE "presale". Only ever use our official links. Keep your wallets safe bears."

Twitter user @lord_IY called the situation "sad" and reported at least $2k of losses:

"[S]ad. 2k fallen victims already[.]"

Twitter user @PurplePopRocks had the idea that victims should be to blame and deserve their losses:

"If [your] dumb followers fall for that again a month after mint they deserve to lose the money they already did once after mint for pure greed[.]"

Explore This Case Further On Our Wiki

The Rare Bears NFTs are a set of NFT bears made by a New Zealand artist Enox. A scam account was posting some links and successfully scammed at least one user out of $2k worth of assets.

HOW COULD THIS HAVE BEEN PREVENTED?

In this case, users should be careful to ensure that all minting links come from the official team behind a project.

Exchange platforms can serve to validate that minting links are from the real source, and reduce the likelihood of successful phishing attacks.

A treasury can be set aside to assist victims with proven losses.

Check Our Framework For Safe Secure Exchange Platforms

RareBears Announcement of the Fraud - Twitter (Jan 29)
"We've Been Through The Ringer" - RareBears via Twitter (Jan 29)
@BearsRare Twitter (Jan 29)
@BearsRare Twitter (Jan 29)
@BearsRare Twitter (Jan 29)
@PurplePopRockz Twitter (Jan 29)
Rare Bears – Rare Bears NFT collection from digital artist, Enox (Jul 14)
Rare Bears NFT Collection - OpenSea (Jul 14)
Rare Bears Nft - Official (RAREBEARS) Charts & Data | Mintalytics (Jul 14)
Matic Asset With Enox Information - OpenSea (Feb 8)
lord_IY - Twitter (Feb 8)
RareBears Original Minting Link - Twitter (Feb 13)

More case studies

Trezor Data
Breach Phishing

Azuki Beanz The Other Side
Mfer NFT Thefts Rijet