NFT Scams Explained: The Most Common Traps

NFTs come with their own family of scams, many built around getting you to sign one bad transaction. Knowing the playbook keeps your collection — and your wallet — safe.

Fake mint sites

A hyped “mint live” link (often from a hacked Discord) leads to a drainer that asks you to sign a transaction granting access to your assets.

setApprovalForAll traps

A single malicious signature can grant someone the right to transfer your entire NFT collection. Always read what a signature actually authorises.

Fake offers and listings

Scammers send fake “offers” or impersonate marketplaces to trick you into signing transfers or visiting phishing sites.

Counterfeit collections

Copycat collections mimic a popular project's art and name. Always verify the official contract address before buying.

How to stay safe

• Verify mint links on the project's official site, not Discord/Twitter.
• Read every signature; reject blanket approvals you don't understand.
• Use a burner wallet for new mints.
• Revoke NFT approvals you no longer need.

Check the project first

ChainInspector Suite helps you research the token and wallets behind a project before you connect.