Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $18,896.00-6.52% 24H
    BITCOIN
    24H : -6.52%
    Volume : $21,636,392,781.00
    Marketcap : $360,381,515,209.00
  • ethereumEthereum(ETH)
    $1,029.35-7.22% 24H
    ETHEREUM
    24H : -7.22%
    Volume : $15,219,893,759.00
    Marketcap : $124,908,564,939.00
  • binancecoinBNB(BNB)
    $213.55-3.12% 24H
    BNB
    24H : -3.12%
    Volume : $1,047,584,234.00
    Marketcap : $34,866,202,108.00
  • rippleXRP(XRP)
    $0.323-2.33% 24H
    XRP
    24H : -2.33%
    Volume : $1,337,095,419.00
    Marketcap : $15,666,652,883.00
  • cardanoCardano(ADA)
    $0.446-4.47% 24H
    CARDANO
    24H : -4.47%
    Volume : $838,825,151.00
    Marketcap : $15,092,910,523.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.000071-5.36% 24H
    TERRA LUNA CLASSIC
    24H : -5.36%
    Volume : $134,961,670.00
    Marketcap : $768,841,921.00
Coinscreed
No Result
View All Result
Home News

Beeple account hack – phishing scam steals $438K in crypto and NFTs

LollyCrypt by LollyCrypt
1 month ago
in News
Reading Time: 3 mins read
A A
Share on FacebookShare on Twitter
Mike Winkelmann, AKA Beeple, a digital artist and popular non-fungible token (NFT) developer, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam.
Beeple account hack - phishing scam steals $438K in crypto and NFTs
Beeple account hack – phishing scam steals $438K in crypto and NFTs

Users were warned by Harry Denley, a Security Analyst at MetaMask, that Beeple’s tweets at the time, which contained a link to a raffle for a Louis Vuitton NFT collaboration, were in actuality phishing scams that would drain crypto from users’ wallets if they clicked.

⚠️ Beeple's Twitter account has been compromised (ATO) to post a phishing website to steal funds.

0x7b69c4f2ACF77300025E49DbDbB65B068b2Fda7D
0xF305F6073CFa24f05FF15CA5b387DD91f871b983 pic.twitter.com/0MPNwOPlEu

— harry.eth 🦊💙 (whg.eth) (@sniko_) May 22, 2022

The con artists were most likely attempting to profit off a legitimate recent collaboration between Beeple and Louis Vuitton. Beeple produced 30 NFTs for the premium fashion brand’s “Louis The App” mobile game in May, which were used as player incentives.

SuggestedArticles

Coinbase allegedly provides customer geo-location data to ICE

Coinbase allegedly provides customer geo-location data to ICE

2 hours ago
CFTC charges South African national in $1.7B Bitcoin fraud case

CFTC charges South African national in $1.7B Bitcoin fraud case

3 hours ago

The scammer continued to exploit Beeple’s Twitter account to send phishing links to bogus Beeple collections, luring unwary people in with the promise of a free mint for unique NFTs.

At time of this tweet, they have scammed 25ETH / ~$50k

It is unclear how the ATO happened.

— harry.eth 🦊💙 (whg.eth) (@sniko_) May 22, 2022

The phishing links were live on Beeple’s Twitter for around five hours, and an on-chain investigation of one of the scammers’ wallets showed that the first phishing link netted them 36 Ethereum (ETH), which was worth about $73,000 at the time.

The scammers got roughly $365,000 in ETH and NFTs from high-value collections including the Mutant Ape Yacht Club, VeeFriends, and Otherdeeds, among others, bringing the total value stolen from the scam to around $438,000.

According to on-chain data, the fraudster sold the NFTs on OpenSea and then transferred their stolen ETH into a crypto mixer to try to hide their winnings.

Beeple later tweeted that he had reclaimed control of his account, adding that “anything too good to be true IS A F*CKING SCAM.”

ugh we’ll that was fun way to wake up. 😫

Twitter was hacked but we have control now. Huge thanks to @garyvee ‘a team for quick help!!!! 🙏🙏🙏

— beeple (@beeple) May 22, 2022

Beeple is responsible for three of the top ten most valuable NFTs ever sold, including one that sold for $69.3 million, the highest price ever paid by a single owner. Because of his celebrity, he has been a target for hackers.

In November 2021, a Beeple Discord admin account was hijacked, with scammers advocating a similar phony NFT drop, resulting in customers losing about 38 ETH.

Scammers are trying to cash in on the NFT buzz, according to research released earlier this month by cybersecurity firm Malwarebytes. Scammers’ most popular approach, according to the business, is to exploit bogus websites that appear to be reputable platforms.

Tags: BeeplehackersNFTsPhishing scam
GXGBET
Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version