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Tuesday, June 28, 2022

Beeple’s Twitter Account Falls Victim to Phishing Attack, Hackers Steal $438,000 in Ether, NFTs

cryptocurrencyBeeple's Twitter Account Falls Victim to Phishing Attack, Hackers Steal $438,000 in Ether, NFTs


Digital artist Mike Winkelmann, better known on Twitter as Beeple, had his account on the microblogging platform hacked as part of a phishing scam that appears to have stolen roughly $438,000 (roughly Rs. 3.4 crore) in Ether and NFTs. According to the non-fungible token (NFT) artist and others on Twitter, including MetaMask security expert Harry Denley, Beeple’s account temporarily shared a fake link seemingly to a website of a collaboration with fashion designer Louis Vuitton that, if clicked on, would steal users’ crypto.

The tweet shared a link to a dodgy website pretending to be a “raffle” of Beeple’s Louis Vuitton collaboration. But when people clicked on the link, one Ether was automatically drained from their wallets, according to Denley. Winkelmann had collaborated with Louis Vuitton on an NFT raffle for the luxury fashion brand’s mobile game “Louis: The Game” in April.

According to a follow-up tweet by Denley, a second more sophisticated attack followed the raffle link through which the attackers raked in a lot more Ether than they did with the first link that was shared.

The first attack netted 36 Ether, worth more than $70,000 (roughly Rs. 54.5 lakh) and the second about $365,000 (roughly Rs. 3 crore) in ETH and NFTs.

Beeple, who has more than 472,000 followers on Twitter, later tweeted that his account was back to normal and “we have control now.”

The digital artist, aged 40, grabbed headlines in March 2021, when an NFT of his work sold for $69 million (roughly Rs. 535 crore) at popular auction house Christie’s.

According to a report from earlier this month by Top10VPN, a global digital privacy and research group, NFT hacks have led to losses of almost $52 million (roughly Rs. 403 crore) in the first four months of 2022 alone compared with less than $7 million (roughly Rs. 54.5 crore) over the whole of 2021.


Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.





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