The Hong Kong project NFT Monkey Kingdom has undergone a cyberattack. A hacker hacked the project’s Discord account, as a result of which token buyers lost 7,000 SOL ($ 1.3 million).
According to a statement Monkey Kingdom, during the sale of NFT, an attacker hacked the project’s group chat administrator account on Discord and placed a phishing link in it. Users who followed this link transferred 7,000 SOL to the criminal’s wallet.
“On December 21 at 10:00 pm Hong Kong time, when the token sale began, an attacker hacked our Discord channel with a bot and posted a phishing link on it,” the statement said.
Buyer of NFT Monkey Kingdom under the nickname “commenstar” reported on Twitter who followed a phishing Discord link and lost 650 SOL. “I never thought that there might be a wrong link on the official channel,” he said.
Monkey Kingdom singled out 7 056 SOL to the “compensation fund” to reimburse NFT buyers. However, it is not known what measures were taken to find the attacker and whether the project leaders contacted the law enforcement agencies.
Real estate investment specialist and collector NFT Andrew Man said that as the popularity of collectible tokens has grown, fraud has become commonplace in the sector.
“It has become very common. Almost every week, someone on my WeChat group reports that their NFT has been stolen. A friend of mine lost a Sandbox parcel of land in an NFT-based video game where users can purchase parcels in the virtual world.
Meng noted that phishing links are a common ploy that hackers can use to steal cryptocurrency holders. So, recently, the NFT-based gaming platform Vulcan Forged reported the theft of 4.5 million PYR (about $ 100 million) from users’ cryptocurrency wallets.
In October, the NFT project Creature Toadz was also cyberattacked. The hacker hacked the team’s Discord account and tricked the project participants into sending over 88 ETH (about $ 340,000) to their wallet. In just ten years, cryptocurrency projects have lost $ 12.1 billion as a result of hacker attacks.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
