Hackers stole more than 300 NFTs from Premint and sold them for $4 million

Hacking cases are increasing in the crypto segment. In a similar case with Premint, a non-fungible token (NFT) token registration platform, hackers stole about 320 NFTs and sold them on NFT marketplaces like OpenSea for around $400,000. This is one of the major hacks attacks in the blockchain industry this year.

This NFT allows artists to randomly create access lists for use such as pre-sales with selected collectors and community members, as stated on the Premint website. The platform is used by leading NFT artists and collectors such as Coldie, DeekayMotion, Known Origin and Shaq. Blockchain security firm CertiK reported that the attacker had put a forged JavaScript code on its website. A pop-up was then created asking users to confirm the ownership of their wallet, offering them additional security. Due to this, many users were scammed within a few minutes.

After the scam was discovered, many users had alerted other users by giving warnings on Twitter. Hackers stole popular NFT series like Bored Ape Yacht Club, Otherside and Oddities. In exchange for these, he received about 275 Ether tokens and then sent them to wallets through crypto mixers. Using blockchain technology in NFTs, tokens of unique items are authenticated which are linked to reproducible digital assets. These can include art, music, in-game items, and videos. These can be traded online but cannot be duplicated.

The popularity of NFTs is increasing. Sports clubs, automobile companies and pop stars are also getting into this business. There is growing interest in NFTs from the Web3 community as well as the metaverse industry. With the growth of business in this segment, there has also been a rise in scam cases. In some such cases, NFT buyers have suffered huge losses. In the US, some major fraud cases related to this segment have been uncovered. A recent survey by financial services provider Mastercard of over 35,000 people in 40 countries revealed that about 45 percent of these people have bought or would consider buying NFTs.

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