Tech

1.5 million euros worth of NFTs were stolen in a hack

1.5 million euros in non-fungible tokens (NFT) have just been stolen during a vast phishing campaign. A total of 32 investors on the OpenSea platform were stripped of their digital works by a hacker. The name of the hacker was eventually discovered.

NFT
Credits: Unsplash

This Saturday, February 19, 2022, OpenSea, one of the largest non-fungible token (NFT) selling platforms, became aware of a hack. According to the OpenSea team, a large-scale phishing attack managed to deceive investors who opened an account on the website.

“We are actively investigating rumors of a security breach associated with OpenSea-related smart contracts. This appears to be a phishing attack from outside the OpenSea website”, reacted quickly to OpenSea, market leader in NFTs, on its Twitter account. As of Sunday, the platform was able to confirm thatno vulnerabilities have been exploited. It was indeed a simple phishing attack aimed at harvesting the identifiers of investors.

Related: itch.io Says NFTs Are ‘A Scam’, Asks Crypto Fans To ‘Change Their Lives’

A hacker steals 1.5 million euros worth of NFT, his name is quickly discovered

According to information obtained by The Verge, 1.7 million dollars, or nearly 1.5 million euros, were subtly used during a phishing campaign. Apparently, 32 platform users fell into the trap set by the pirates. Popular and highly valued digital works like Bored Apes, Azuki and CloneX have been stolen.

Devin Finzer, co-founder of OpenSea, quickly confirmed the extent of the damage on his Twitter account. “It appears that 32 users have so far interacted with a malicious email. The attack doesn’t appear to be in progress at this point – we haven’t seen any malicious activity on the attacker’s account in 2 hours. Some of the NFTs have been returned”says Devin Finzer.

Apparently, the hacker behind the hack got in touch with netizens throughan email. The email encouraged victims to sign a new blockchain smart contract as part of an OpenSea update. He then obtained the possibility of seizing the NFTs included in the collection of the users.

Unsurprisingly, OpenSea made every effort to trace the perpetrator of the attack. According to an industry expert who has investigated blockchain, who goes by charliemarketplace.eth on Twitter, the pirate’s name has already been discovered by OpenSea teams. The hacker would operate under his real name on several exchange platforms requiring identity verification, such as Coinbase. In fact, it was easy to trace back to him. As a reminder, the NFT market weighs up to 22 billion dollars.

Source: The Verge

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