Targeted Phishing Scam Earns $438,000 in Cryptocurrency and NFTs from Hacked Beeple Accounts.

Mike Winkelmann, digital artist and creator of the popular Non-Fungible Token (NFT), better known as Beeple, had his Twitter account hacked as part of a phishing scam on Sunday, May 22.

Harry Denley, a security analyst at MetaMask, warned at the time that Bipple’s tweet contained a link to a Louis Vuitton NFT collaboration lottery that, when clicked, was a phishing scam to take cryptocurrency out of users’ wallets.

The scammers may have been trying to take advantage of the recent real collaboration between Beeple and Louis Vuitton. In early May, Beeple designed 30 NFTs included as a reward to players for the high-end fashion brand’s “Louis The Game” mobile game.

The scammers continued to post phishing links from Beeple’s Twitter account leading to fake Beeple collections, enticing unsuspecting users by promising a free mint for their unique NFT.

The phishing link has been on Beeple’s Twitter for about five hours, followed by an on-chain analysis of one of the scammers. wallet The first phishing link hit 36 ​​Ethereum (ETH) worth about $73,000 at the time.

second link net The total value stolen from buying ETH and NFT worth around $365,000 from high-value collections such as Mutant Ape Yacht Club, VeeFriends and Otherdeeds is about $438,000.

On-chain data shows scammers selling NFTs on OpenSea and laundering their profits by putting the stolen ETH into a cryptocurrency mixer.

Beeple later tweeted that she had regained control of her account, adding to her followers that “it’s a scam that’s too good to calm down.”

Relevant: Needed: Large-scale education project to combat hacking and fraud

Beeple has built three of the 10 most expensive NFTs sold to date, including the most expensive one ever sold to a private owner, selling for $69.3 million. This interest made him the target of hacking.

In November 2021, Beeple’s Discord’s admin account was hacked along with scammers, similarly encouraging fake NFT declines, resulting in users losing approximately 38 ETH.

Earlier this month, cybersecurity firm Malwarebytes released a report highlighting the growing number of phishing attempts as scammers seek to monetize the NFT hype. The company noted that the use of deceptive websites described as legitimate platforms is the most common tactic used by scammers.

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