Sunday, December 3, 2023

Digital artist loses over $70,000 worth of Ethereum in phishing scam.

Mike Winkelmann, a digital artist widely known as Beeple, lost over USD70,000 worth of Ethereum in a phishing scam. A security expert at MetaMask, Harry Denley highlighted that Beeple’s account temporarily shared a phishing scam link that would steal users’ crypto if clicked upon.

The digital artist had partnered with Louis Vuitton on an NFT raffle for the luxury brand’s mobile game Louis: The Game in April. The hacker took advantage of this promotion and shared a link to a website raffle for this. When users clicked on the link, one Ether was automatically drained from their wallets. Denley tweeted that Beeple’s Twitter account had been compromised to post the phishing portal to steal funds. He highlighted that over $50,000 in Ethereum had been stolen. The security expert pointed out that bad actors continued to use Beeple’s Twitter account for another more sophisticated scam.

Beeple took to Twitter to inform his followers that his account was back to normal and they have taken back control. Reports state that a total of $72,165.60 was stolen by the hacker. He urged the users to stay safe and highlighted that anything too good to be true is a scam. The digital artist thanked the @garyvee – team for quick help. Beeple is known for his NFT artwork that was sold for $69.3 million at Christie’s auction house in 2021.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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