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Cybercriminals Defraud Hedera Hashgraph Network Non-Custodial Wallet Users Through Nonfungible Token Airdrops Disguised as Free Rewards ↗ source

June 3, 2025 FBI Alert

Summary

Share on X X.com Share on Facebook Facebook Email Email The Federal Bureau of Investigation (FBI) is issuing this announcement to inform individuals about cyber criminals defrauding cryptocurrency users through the nonfungible token (NFT) 1 airdrop 2 feature embedded in non-custodial wallets, 3 which is disguised as free rewards or incentives for Hedera Hashgraph network users. The Hedera Hashgraph is the distributed ledger used by Hedera. The airdrop feature was originally created by the Hedera Hashgraph network for marketing purposes; however, cyber criminals can exploit this tactic to collect victim data to steal cryptocurrency. NFT Airdrop Defrauding Techniques For a user to receive a token in their wallet as part of the airdrop process, the user must either hold the specific token offered, be a part of the community, or simply own a non-custodial wallet. Once the transaction is completed, and the user receives unsolicited or promotional cryptocurrency tokens and rewards in their non-custodial wallet as part of the airdrop process, a plaintext "memo" section appears that may be used to provide additional context about the transaction, including a reference number. Within these memos, users are required to click the embedded uniform resource locator (URL) to accept the tokens or rewards.

News Coverage

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CVEs Referenced in This Publication

No CVEs are referenced in this publication.

Vendors Named in This Publication

No KEV-catalogued vendors are named in this publication.