Arthur Cheong, founder of DeFi and DeFiance Capital, a web3-focused venture capital firm, has lost over a million dollars worth of NFT tokens. from being hacked
An unknown hacker has stolen it. NFT From an Ethereum wallet owned by Cheong, Cheong himself later confirmed the hack.with textposted on Twitter
Well not sure what happened, need to take time to figure it out. Didn’t expect this to happen to me as well.
Guess no more hot wallet usage then.
— Arthur
(@Arthur_0x) March 22, 2022
PeckShield, a security company estimateThat the stolen assets included 17 Azuki, 5 CloneX, 2 Hedgies, and 33 Second Self, all of the popular NFT collections. And the hackers sell them on exchanges like OpenSea. The hackers then transfer other tokens such as wrapped ether, Lido DAO Token, LookRare and DYDX to their own regulated wallet.
Overall, the walletThe perpetrators currently have around 585 ETH ($1.7 million) traceable to Cheong’s wallet, and the total damage could increase as the hacker still appears to be in the process of moving. capital As reported by Cheong
The DeFiance founder said hackers used ‘spear phishing’ emails to install malware on his devices and fetch the seed phrase to their cryptocurrency wallets. by he also sharedscreenshotof the said e-mail as well
Found out the likely root cause for the exploit, it’s a targeted social engineering attack. Received a spear-phishing email that really seems to be sent by one of our portco with content that seems like general industry-relevant content.
They are likely targeting all crypto peep. pic.twitter.com/SegYBcoLX2
— Arthur
refer : LINK
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