Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Discord Disaster: 107 NFT Collections Hacked in the Past Month

Published 07/04/2022, 09:20 AM
Updated 07/04/2022, 09:30 AM
Discord Disaster: 107 NFT Collections Hacked in the Past Month

  • According to on-chain analyst OKHotshot, 107 NFT Discords have been compromised within the last four weeks.
  • The exploitation of NFTs has hiked 50.7% in June-July from the previous months.
  • OpenSea revealed their data leak might lead to a surge of phishing attacks.

There have been 107 NFT Discord channels exploited through social engineering within the last four weeks (from June 2 to July 2), on-chain analyst OKHotShot revealed through a social media post. The compromised collections include big projects like BAYC, KnowOrigin, Lacoste, and Memeland (9gag), to name a few.

In an attempt to warn investors, OKHotShot requests NFT buyers and holders to “stay vigilant.” In the following posts, @NFTherder revealed that 71 Discords were compromised in May, and the number hiked to 107 in June, which shows a sharp surge of 50.7%.

Last week, the world’s biggest NFT marketplace, OpenSea, also warned its users to stay safe from phishing attacks. The platform alerted its customers and newsletter subscribers to avoid opening emails and files “sent by strangers” after revealing that they have witnessed a massive data breach.

OpenSea informed via its official blog post that 1.8 million users could be impacted by the data breach, for which phishing and spam attempts might increase. Earlier in May, the company’s Discord server was targeted by a cybercriminal to promote scam drops. Before that, in January, OpenSea had to reimburse $1.8 million for an NFT that was sold without permission.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Recently, Women and Weapons NFTs were also hacked, to which the creator of the collection, Sara Baumann, asked the investors to remain careful. She further reminded them, saying, “[W]e (Women and Weapons NFT) do not offer surprise mints or giveaways and will never ask for you to connect your wallet for any reason.”

At the beginning of June, the popular NFT project Bored Ape Yacht Club (BAYC) announced that its Discord servers were subjected to a “brief exploit” as NFTs worth 200 ETH were stolen from users.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.