Animoca to repay users 265 ETH stolen in fake NFT drop Discord hack

Animoca to repay users 265 ETH stolen in fake NFT drop Discord hack

The attack is the latest in a long string of exploits targeting users on Discord with fake “stealth” NFT drops. Hong Kong-based gaming and venture capital company Animoca Brands and subsidiary Blowfish Studios have promised users that they will repay 265 ETH (US$1.1 million) stolen in a fraudulent nonfungible token (NFT) sale on D`iscord. The fraudulent minting event occurred at approximately 3 AM AEDT on Nov 19 on the Phantom Galaxies Discord server. It saw 1,571 fake minting transactions over the course of about three hours.Phantom Galaxies is an upcoming Australian game being developed....


Related News

Beeple’s Discord compromised, timed to coincide with Christie’s auction

Users thought they were signing up for an affordable NFT drop by the famed artist, timed to coincide with his second Christie's auction. An admin account for Beeple’s official Discord group was compromised overnight resulting in a fake NFT drop that saw users lose an estimated 38 ETH. An admin from Beeple's Discord named "Multi"  confirmed to the group on Nov. 10 that their account had been compromised despite having 2FA. The perpetrator went on to impersonate Multi and the Beeple Announcements Bot to promote a fake NFT drop from Beeple on Nifty Gateway.The incident is the latest in a long....

Cream Finance Plans To Repay The Stolen Funds To Its Users

Cream Finance is a decentralized finance protocol to repay users for the flash loan hack on its platform. The hack of nearly $19 million occurred on Aug 30, 2021. Cream Finance puts news of a post-mortem to the massive exploitation of the AMP flash loan. The protocol promises to repay the stolen Amp (AMP) and Ether (ETH) coins. It plans on footing its promise by allocating 20% of all the protocol fees until the debt is fully paid. Furthermore, the protocol will post collateral with the pertinent parties at AMP. It will also involve the Flexa digital payments network, the creators, for the....

Silk Road 2 Admin: 82 Percent of Customers Repaid Following February Hack

Here's an interesting one. In a newly-posted update on the Silk Road 2 forms, the illicit drug marketplace has announced that just over 82 percent of customers who had funds stolen in an early February hack have been repaid. That hack caused considerable damage, with the amount of bitcoins stolen pegged at 4474, amounting to nearly$3 million at them time (today worth about $2.5 million). Just days later, the marketplace's administrator, Defcon, committed to repay all who lost bitcoins following the calamity. There was hesitation in the community, even doubt. But he has seemingly made good....

Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit

Hacked DeFi service Furucombo will issue "iou" tokens as part of its compensation plan to repay 22 affected users. Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds.Following an internal call with affected users last week, Furucombo released a compensation plan Tuesday, announcing that they will issue 5 million iouCOMBO tokens to the victims of the breach. Issued in the form of ERC-20 tokens, iouCOMBO tokens will represent the rights to claim Furucombo’s COMBO....

Bitfinex Introduces The BFXCoin IOU And Scalps User Balances by 36%

In the end, the announcement of BFXCoin will not do much for users. This is nothing more than a digital IOU, with a promise by Bitfinex to repay customers. The recent Bitfinex hack has caused a lot of confusion among cryptocurrency enthusiasts, and will continue to do for the time being. However, it also became apparent the company will penalize all of its users to recover the losses somehow. Moreover, the exchange will issue its own coin which acts as an IOU. When Bitfinex got hacked, the Bitcoin community was greeted with yet another shock. As a result, the price per Bitcoin started to....