American rapper Nelly’s Twitter account, Nellio X, has been hacked and used to lure crypto investors into phishing schemes. This comes as reports show a rise in crypto hack attacks, with over $700 million stolen in the third quarter of 2023 and nearly $700k lost in phishing schemes in the past 18 days. The hacker behind the Nellio X account poses as an on-chain security analyst and contacts users, providing a link to their wallet address and asking if it belongs to them. The hacker claims to be investigating wallet drains and compromises and urges the victim to follow a provided link, which activates the phishing scheme. The conversation was exposed by Zack XBT on Telegram, and Scam Sniffer, mentioned by the hackers, denied any affiliation with @NellioETH. Phishing attacks remain a significant issue in the Web3 ecosystem, with investors losing millions each year. Recent tweets by Scam Sniffer highlighted victims losing large sums of money to crypto phishing schemes, which were reposted by Nelly’s account.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	Nelly
Companies	Scam Sniffer, Nelly, PrimeXBT, Binance, Etherscan
Currencies	Ethereum
Securities	None