Hacker steals $438K in crypto, NFTs after compromising Beeple’s Twitter account

by Cryptospacey

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The Twitter account of well-known digital artist Mike Winkelmann, generally referred to as Beeple, was hacked on Might 22.

Harry Denley, a safety analyst at Metamask, introduced this through Twitter.

In his tweet, Denley warned customers that Beeple’s tweets, which contained a hyperlink to a raffle of a Louis Vuitton NFT partnership, have been a part of a phishing assault. Denley added that clicking the hyperlink would drain crypto from customers’ wallets.

The scammer orchestrated this assault seeking to capitalize on Beeple’s current collaboration with the style large. This collaboration noticed Beeple design 30 NFTs for Louis Vuitton’s Louis The Sport cell recreation. The sport built-in the NFTs as rewards for gamers.

The scammer continued posting phishing hyperlinks from Beeple’s account. The hyperlinks led to pretend Beeple collections, which attracted unwitting customers. Particularly, the collections promised a free mint for distinctive NFTs. 

Denley added:

If we assume all the pieces is safe, at time of this tweet the unhealthy actors managed to rip-off:

Rip-off #1

36ETH (~$72k)

0xf305 is but to withdraw

Rip-off #2

62.35ETH (~$125k)

37.59WETH (~$75k)

45 NFTs (est ~$166k)

Whole = $438k (lively for ~5hours)

The scammer used a crypto mixer to launder the proceeds

On-chain information revealed that the scammer bought the obtained NFTs on OpenSea. To launder the proceeds, the scammer despatched the funds to a crypto mixer.

Beeple ultimately regained management over his account. Nevertheless, he urged customers to all the time watch out, including that something that appears too good to be true is a rip-off.

This information comes as phishing assaults proceed plaguing the crypto and NFT industries. MetaMask warned web3 lovers utilizing Apple gadgets to be cautious of a phishing assault prior to now month. This warning got here after an Apple consumer misplaced greater than $650,000 value of NFTs and ApeCoin (APE).

Per MetaMask, Apple gadgets have a default safety problem that enables malicious actors to see the seed phrase saved on Apple’s iCloud storage service.

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