Hacker Steals $1.4 Million in NFTs From Collector in One Sweep

Recently, a hacker stole $1.4 million in NFTs from a crypto collector. The collection included 29 Moonbirds pieces, with a floor price of 24 ETH, almost $48,000. Hackers used phishing websites to get the collector’s approval before stealing all the NFTs. The hacker sold the stolen NFTs for 99 ETH each, but realized that he could not cash them out.

Hacker stole $2.2 million in NFTs from a collectorate

A hacker recently stolen dozens of NFTs worth $1.4 million from a crypto collector. The stolen collection included 29 pieces of the Moonbirds collection, which had a floor price of nearly $48,000 and 24 ETH. The hacker tricked the collector into approving a phishing website. Once the victim clicked the link and approved the smart contract, the hacker then proceeded to steal all of the coveted NFTs.

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Hacker sold stolen NFTs for 99 ETH

According to the latest report by Tadghighi, a hacker has been selling stolen NFTs for as much as 99 ETH each. He used the OpenSea vulnerability to buy unlisted NFTs at a fraction of the market price. He sold the NFTs to himself for just 0.1 ETH each and to another user for 99 ETH. He later deleted the wallet from which he made the transaction.

Hacker realized stolen NFTs could not be cashed out

A crypto collector recently discovered that he had been scammed out of nearly $1.4 million in NFTs. A collection of Moonbirds with a floor price of 24 ETH each was part of the theft. Using a phishing website, the hacker was able to convince the collector to sign a smart contract that allowed him to withdraw his stolen funds. Unfortunately, the hacker had already abandoned the website by the time he realized his stolen funds were worthless.

Crypto community helped hacker retrieve stolen items

A recent crypto theft was traced back to the Crypto community, which helped the hacker recover nearly half of the $600 million he stole. The hacker had used his internet handle “Kingpin” to steal the money from a hardware wallet. Fortunately, the community quickly jumped into action, returning nearly half of the funds to the hacker. The theft was caused by a flaw in the Poly Network, which connects different blockchains. Each digital coin has its own blockchain and claims to be able to connect them all. Essentially, a decentralized finance platform, it cuts out the middlemen and allows people to save crypto from fraudsters.

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