29 Moonbird NFTs Stolen in a $1.5 Milion Hack

29 Moonbird NFTs Stolen in a $1.5 Milion Hack

NFT investors are reminded to stay cautious in midst of a $1.5M hack.

On May 25, according to Twitter user Cirrus, a Proof Collective member lost 29 Moonbird non-fungible tokens worth $1.5 million when they were stolen in a scam. The hackers are said to have directed the victim to a fake transaction website and encouraged the person to sign a fraudulent transaction.

A collector, advisor, and seed investor in Web3 Dollar has also shared that partial information about the criminal is already known by current players in the crypto world. In a tweet, the NFT holder Dollar also threatened the hacker to return the money stolen to avoid any further sanctions.

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Even though it is still unknown how many people the hacker managed to defraud, this is a good warning notice to all NFT investors. Nowadays, it is essential not to bookmark the marketplace or trading site that is used and double-check every suspicious link where one wrong click of a button might cost a loss of millions of dollars.

According to various statistics, crypto theft has increased by 516% since 2020. For instance, in 2021, hackers stole a total of $14 billion. The two most prominent sorts of hacks still remain breaches of exchanges and blockchain info wallets.

In May, the non-fungible token-based online video game Axie Infinity experienced a cyberattack on its Discord server where the MEE6 bot was expected to be involved.

Earlier this year, DeFi platform Qubit was subject to multiple attacks that resulted in stolen digital assets worth almost $80M.

Gyth L. - Crypto Analyst

by Gyth L. - Crypto Analyst, BitDegree


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