The Treasure NFT scam refers to fraudulent activities related to Treasure, an NFT-based gaming ecosystem on the Arbitrum blockchain. Several scams and exploits have targeted Treasure and its users. Here are some of the most notable cases:
1. TreasureDAO Exploit (March 2022)
One of the biggest incidents was a hack on the Treasure marketplace, where an attacker exploited a zero-price listing bug to steal high-value NFTs for free. The attacker drained NFTs worth millions of dollars, including rare items from the "Bridgeworld" game. However, in a surprising turn, most of the stolen NFTs were returned.
2. Fake Treasure NFT Projects
Scammers often create fake projects using the Treasure brand name to lure investors. They may promise exclusive NFT drops, staking rewards, or early access to games but disappear after collecting users' funds.
3. Phishing & Fake Airdrops
Fake TreasureDAO websites trick users into connecting their wallets, leading to fund theft.
Bogus airdrops claim to distribute $MAGIC tokens (TreasureDAO’s native currency) but instead drain wallets.
How to Stay Safe from Treasure NFT Scams
Verify official sources: Only interact with TreasureDAO’s official website and Discord.
Double-check smart contracts: Use trusted blockchain explorers before approving transactions.
Avoid unsolicited messages: Scammers often DM users pretending to be from TreasureDAO.
If you're looking into Treasure NFTs, always DYOR (Do Your Own Research) and be cautious of anything that seems too good to be true. Need help verifying something specific?
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