Friday, July 19, 2024

From a compromised Beeple account, a targeted phishing scheme nets $438K.

The world of NFTs has been gaining steady momentum on the general front. Not only have they become more mainstream than ever, but more and more people are opting to buy NFTs.

But on Aan NFT creator who goes by the name of “Beeple”, was a victim of phishing and had his Twitter account compromised. Sources say that the main reason for this hack was a phishing attempt.

An analyst from MetaMask said that Beeple’s Twitter posts contained a link that was a phishing scam. It was touted as a raffle for the new Louis Vuitton NFT. But instead of leading to the raffle, it drained the people’s crypto wallets and left them with nothing.

Beeple recently designed 30 NFTs for the luxury brand Louis Vuitton which were supposed to be dropped as rewards for people playing a game. The people were lured in by the name brand and the relative hype around it and the early access opportunity.

The hackers were able to get away with 36 ETH worth $73,000. Previously too Beeple’s Discord server was targeted. It is important for both creators and normal people to beef up their security measures due to these cyber attacks. This was the first link, but the second link did the most damage and swindled crypto enthusiasts out of $365k.

Also if one sees something that is too good to be true then there is a chance that it is a scam. Buyer beware in these circumstances and take necessary steps to ensure the safety of your crypto wallet.

With the crypto world expanding rapidly it is important to get the basics of cyber security right for the best experience.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com 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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