A Bored Ape Yacht Club (BAYC) NFT holder recently lost three of their valuable NFTs largely due to the poor UI/UX design of an NFT platform. Pseudonym 0xQuit took to Twitter to reveal the details of how user "s27," who entered into a direct swap trade using Swapkiwi, a peer-to-peer NFT swapping platform, fell victim to a scam.
Apparently, s27 had agreed to swap BAYC #1584 and two Mutant Ape derivatives (#13168 and #13169), cumulatively worth over USD 560,000 given the current floor price, with another user's BAYC #4424, #5406, and #2007 - only these BAYC NFTs were simply knock-offs.
Swapkiwi does display verified NFTs with a checkmark, but the checkmark appears within the image. Taking advantage of this, the scammer photoshopped fake JPEGs to place a checkmark on them, making them look like verified BAYC NFTs.
"The scammer added these checkmarks to the knock-off NFTs exclusively to make them appear legitimate on Swapkiwi," 0xQuit said, adding:
"Furthermore, there's no immediately apparent way to click through to view the asset or the asset contract, making it unnecessarily burdensome to verify the assets."
Swapkiwi has said they are working on improvements and pledged to "make the necessary changes so this doesn’t happen again on Swapkiwi."
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