Hackers stole over 300 NFTs from Premint and sold them for $4 million

HIGHLIGHTS :

• The attacker had put a forged JavaScript code on the firm’s website
• Scammed with multiple users within minutes
• The popularity of NFTs is increasing

With the growth of business in this segment, there has also been a rise in scam cases. In some such cases, NFT buyers have suffered huge losses.

The attacker had put a forged JavaScript code on the firm’s website

Hacking cases are increasing in the crypto segment. In a similar case with Premint, a non-fungible token (NFT) token registration platform, hackers stole about 320 NFTs and sold them on NFT marketplaces like OpenSea for around $400,000. This is one of the major hacks attacks in the blockchain industry this year.

This NFT allows artists to randomly create access lists for use such as pre-sales with selected collectors and community members, as stated on the Premont website. The platform is used by leading NFT artists and collectors such as Coldie, DeekayMotion, Known Origin, and Shaq. Blockchain security firm CertiK reported that the attacker had put a forged JavaScript code on its website. A pop-up was then created asking users to confirm the ownership of their wallets, offering them additional security. Due to this, many users were scammed within a few minutes.

Scammed with multiple users within minutes

After the scam was discovered, many users alerted other users by giving warnings on Twitter. Hackers stole popular NFT series like Bored Ape Yacht Club, Otherside, and Oddities. In exchange for these, he received about 275 Ether tokens and then sent them to wallets through crypto mixers. Using blockchain technology in NFTs, tokens of unique items are authenticated which are linked to reproducible digital assets. These can include art, music, in-game items, and videos. These can be traded online but cannot be duplicated.

The popularity of NFTs is increasing

The popularity of NFTs is increasing. Sports clubs, automobile companies, and pop stars are also getting into this business. There is growing interest in NFTs from the Web3 community as well as the metaverse industry. With the growth of business in this segment, there has also been a rise in scam cases. In some such cases, NFT buyers have suffered huge losses. In the US, some major fraud cases related to this segment have been uncovered. financial services company

Using blockchain technology in NFTs

After the scam was discovered, many users alerted other users by giving warnings on Twitter. Hackers hit popular sites like Bored Ape Yacht Club, Otherside, and Oddities NFT The series was stolen. In exchange for these, he received about 275 Ether tokens and then sent them to wallets through crypto mixers. Using blockchain technology in NFTs, tokens of unique items are authenticated which are linked to reproducible digital assets. These can include art, music, in-game items, and videos. These can be traded online but cannot be duplicated.

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Megha Gupta

Megha Gupta is one of the leading writers of techzimo.com. She is working on Tech Zimo for the last 4 years, Apart from a writing job, she is a professional lecturer in a technology university, Know more about her here on Facebook.