After gaining access to Beeple’s Twitter account, a hacker stole $438K in cryptocurrency and NFTs.
On May 22, the Twitter account of well-known digital artist Mike Winkelmann, also known as Beeple, was hacked. This was disclosed on Twitter by Harry Denley, a security analyst at Metamask. Denley cautioned users in a tweet that Beeple’s tweets, which included a link to a lottery for a Louis Vuitton NFT collaboration, were phishing attempts. Denley went on to say that visiting the link will empty users’ wallets of cryptocurrency. The fraudster planned this attempt to take advantage of Beeple’s recent relationship with the fashion powerhouse. Beeple designed 30 NFTs for Louis Vuitton’s Louis The App mobile game as part of this cooperation. The NFTs were used as player prizes in the game.
From Beeple’s account, the fraudster proceeded to publish phishing links. The connections lead to fictitious Beeple collections, which drew in unknowing users. The collections specifically guaranteed a free mint for unique NFTs. The fraudster sold the acquired NFTs on OpenSea, according to on-chain statistics. The money was sent to a cryptocurrency mixer to be laundered. Beeple recovered control of his account in the end. He did, however, warn people to be cautious, saying that anything that appears too good to be true is a hoax. This news comes as the crypto and NFT sectors continue to be plagued by phishing assaults. Web3 users with Apple devices have been notified of a phishing assault in the last month, according to MetaMask. This warning was issued after an Apple user lost $650,000 in NFTs and ApeCoin (APE). Apple devices, according to MetaMask, have a security flaw that allows hostile actors to read the seed phrase saved on Apple’s iCloud storage service.