The value of NFTs is skyrocketing, and a company like Beeple could be worth $15 million. However, hackers recently compromised the crypto account on Twitter that they use to promote their games with just $438k in assets stolen. The team has since recovered most of those funds but it’s still an eye-opening example for what happens when your large amount of digital goods are exposed to the world
The world of blockchain felt the crushing claws of deceit once again as world renowned NFT artist Beeple’s Twitter account was hacked. As a consequence, a total of $438k in cryptocurrencies and non-fungible tokens was lost by diligent collectors.
The hack happened in the early hours of Sunday morning, when Beeple was sleeping soundly. The despicable act of skullduggery then provided two distinct URLs to a ‘free’ Beeple x Louis Vuitton NFT mint. As a consequence, individuals swayed by FOMO went in without doing their homework, and none of them received a free NFT.
While Beeple was sleeping, the NFT community rallied behind the cause by disseminating information about the breach. Then, upon his reappearance, Vaynerchuk’s crew stepped in to assist reclaim control of the troubled Twitter account. Collectors lost roughly 73k worth of ETH, as well as desirable pieces from the Mutant Ape, VeeFriends, and Otherdeeds collections, as a result of the rash crime.
Then, as a token of gratitude, Beeple used a bizarre Gary Vaynerchuk boobs goat to express gratitude for the assistance received. When compared to his last Madonna collaboration, this NFT is a little more pleasant to the eye.
pic.twitter.com/mQ4z0RWtfI GIFT GOAT
May 22, 2022 — beeple (@beeple)
Be cautious what you click on, as it has to be reminded with unsettling frequency, since the price might be too high to bear. Furthermore, make sure your passwords are lengthy and safe, and never, ever use the same one again. Always be cautious out there!