Crypto Scammer Sentenced To Prison For NFT Fraud On X

A 22-year-old professional crypto scammer from Canada, Cameron Albert Redman, has just been sentenced by a U.S. court to one year in prison for stealing nearly $800,000 USD through a scheme that involved hacking X (formerly Twitter) accounts of digital artists and major brands.

1. Sophisticated Tactics: Hacking and Fake NFT Giveaways

Redman and his accomplices hacked over 200 high-profile X accounts, including those belonging to Beeple, Gary Vee, Nouns DAO, and even Louis Vuitton. They then used the compromised accounts to post fake NFT airdrops or enticing giveaways, luring users into clicking on malicious links disguised as official websites.

Once victims clicked and connected their wallets, they unknowingly granted the scammers full access to withdraw NFTs and crypto assets from their personal wallets. “Users thought they were receiving free NFTs – but in reality, they opened the vault to hackers.”– U.S. Department of Justice

2. Previously Stole $40 Million, Still Returned to Crime

Redman is no stranger to law enforcement. He had previously served time for a SIM swapping scheme that stole over $40 million worth of crypto. However, that sentence did not appear to deter him.

According to court records, within a year of being released, Redman resumed his criminal activities, rebuilding his hacking operation from his father's basement.

3. Security Lessons for NFT & Crypto Users

While NFTs may not be as “hot” as they were in 2021, the market is showing signs of recovery — with CryptoPunks surpassing $200K and Solana tokens surging.

This incident serves as a critical reminder for the crypto community:

•  - Never click on links from X accounts — even if they seem official

•  - Always verify website domains carefully

•  - Use a secondary wallet for trying out new NFT drops

•  - Enable multi-layer security (2FA + hardware wallet is a must)

4. Conclusion

Cameron Redman may only spend a short time in jail, but the damage he caused is a valuable lesson. As the crypto world continues to grow and attract new investors, vigilance and cybersecurity awareness are essential assets. "Turn on your security mindset — before it’s too late."