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Scammers steal $70,000 from hacked Beeple Twitter account

 


Scammers use phishing attack to steal $70,000 from Beeple's hacked Twitter account.


Famous digital NFT artist Mike Winkelmann (Beeple) had his account hacked and posted a phishing link which, if clicked, can steal cryptocurrencies from someone else's crypto wallet.


Because of his popularity and large number of followers on Twitter, Beeple was a target for hackers who used his account in an NFT phishing attack.


Phishing is a fraudulent activity that involves sending emails claiming to be from trusted companies or individuals, where victims are encouraged to provide personal information such as passwords and credit card details.


The link posted on Beeple's hacked Twitter account directs users to a website used to steal funds. The link leads to a fake website that presents the collaboration with the fashion brand Louis Vuitton.


Im Tweet stand:


“I've been working behind the scenes with LV on this for a long time. 1000 unique pieces… official raffle below.”


The phishing link was also included in the tweet but has already been deleted.


Many well-known NFT figures posted tweets warning of the phishing scam following the hacking incident.


Beeple's compromised account made it appear as if it was a legitimate collaboration with Louis Vuitton. NFT influencer Zeneca also issued a warning. Other people have banded together to warn other NFT enthusiasts.


Once users are taken to a fake website and link their wallets to it, the action triggers a mint and proceeds to send 1 ETH. However, the phishing website is not designed to steal wallets, which is a common trend among other NFT phishing scams.


Unfortunately, many NFT collectors and Beeple fans had no idea that the Twitter account was hacked and they fell into a trap. The victims reportedly lost 35 ETH, around $70,000.


In the meantime, Beeple has regained control of his TWitter account. He immediately wrote:


“Stay safe out there; Anything too good to be true IS A FUCKING FRAUD.”

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