TL;DR Breakdown Cybersecurity firms Forta Network and Blockfence reveal a sleepdropping scam costing Ethereum users $11.5 million since December 2022. Fraudulent ERC-1155 tokens, disguised as legitimate NFTs, serve as the primary tool for the scam, impacting over 500,000 addresses. Scammers employ a fake Lido NFT token as bait, leading victims into secondary interactions where the actual financial harm occurs. Description Cybersecurity firms Forta Network and Blockfence have disclosed how a sophisticated scam, coined “sleepdropping,” has cost Ethereum users $11.5 million since its first detection in December 2022. The insidious operation centers on ERC-1155 tokens, often disguised as legitimate NFTs. Alarmingly, these fraudulent airdrops have reached over 500,000 addresses. The tactics deployed by the scammers expose … Read more Cybersecurity firms Forta Network and Blockfence have disclosed how a sophisticated scam, coined “sleepdropping,” has cost Ethereum users $11.5 million since its first detection in December 2022. The insidious operation centers on ERC-1155 tokens, often disguised as legitimate NFTs. Alarmingly, these fraudulent airdrops have reached over 500,000 addresses. The tactics deployed by the scammers expose the Achilles’ heel of smart contracts, even…