Security News > 2024 > January > Crypto wallet founder loses $125,000 to fake airdrop website
![Crypto wallet founder loses $125,000 to fake airdrop website](/static/build/img/news/crypto-wallet-founder-loses-125000-to-fake-airdrop-website-medium.jpg)
A crypto wallet service co-founder shares with the world his agony after losing $125,000 to a crypto scam.
Bill Lou, co-founder of Nest Wallet, a cryptocurrency wallet startup, has been left feeling "Devastated" after being scammed by what appeared to be a crypto giveaway website to him at the time.
"I just got scammed out of $125k of stEth while trying to claim the $LFG airdrop. And I'm a fking founder of a wallet startup that's trying to improve wallet security...," writes Lou, on social media.
The CEO made the mistake of believing a crypto airdrop article that had been published on Medium.
"I don't want to seem like an asshole promoting his own product but my wallet would have LITERALLY caught it. F##K METAMASK, F##K MY OWN STUPIDITY. Greedy ass trying to claim an airdrop at midnight instead of going to sleep...".
Crypto scammers abuse Twitter 'feature' to impersonate high-profile accounts.