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Scammers Hack Beeple’s Twitter and Steal Over $400K in Crypto

Scammers Hack Beeple’s Twitter and Steal Over $400K in Crypto

Scammers Hack Beeple's Twitter and Steal Over $400K in Crypto

Phishers reportedly hacked into the Twitter account of digital artist Mike Winkelmann, who goes by the artist title Beeple and who skyrocketed to fame after promoting a non-fungible token (NFT) for $69 million in March 2021. Customers who fell for the scammers’ ploy collectively misplaced over $400,000.

On Sunday, Could 22, the scammers tweeted out an “official minting hyperlink” to a raffle for an upcoming “spring/summer time assortment 2021” collaboration with Louis Vuitton. (Final summer time, Beeple collaborated with the posh vogue home on the discharge of a telephone recreation referred to as “Louis: The Recreation,” which celebrated Vuitton’s 2 hundredth birthday and featured 30 collectible NFTs of which Beeple designed ten — so the raffle wasn’t fully implausible.) The tweet promised a “free mint” of “200 distinctive items.” Beeple’s Twitter bio was additionally edited to advertise the fraudulent raffle.

One hyperlink emptied customers’ crypto wallets as soon as clicked, stealing $365,000 value of crypto belongings together with cryptocurrencies and NFTs. One other hyperlink prompted customers to ship Ether to an externally owned account, netting the scammers one other $73,000. When Beeple awoke Sunday morning, he reclaimed management of his account.

“Keep protected on the market, something too good to be true IS A FUCKING SCAM,” Beeple tweeted, earlier than clarifying that he would by no means announce a shock mint that was talked about “one time in a single place beginning at 6am Sunday morning.” He capped his tweet with a facepalm emoji. On the thread, some customers advised Beeple pay again customers who misplaced funds to the rip-off utilizing his personal cash.

As cryptocurrency adoption rises, scams are proliferating. Beeple’s reputation was co-opted final November in a separate hack, when his Discord was taken over and roughly $76,000 was stolen from unsuspecting customers. Based on analysis performed by Atlas VPN, $1.3 billion value of crypto has been stolen simply within the first 4 months of 2022.

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