Mike Winkelmann, also known as BEEPLE, a graphic artist, had his Twitter account hijacked on May 22 to promote cryptocurrency fraud. His account was hacked and a bogus link to fake cooperation with the Louis Vuitton brand was shared.
A quick hack
This is the message that the hackers sent out: ” I worked on this project with LV for a long time behind the scenes. 1000 unique pieces in total. BEEPLE x VUITTON COLLECTION_1: BEEPLES. Official print below. »
” Beeple’s Twitter account was hacked (ATO) to spread a phishing link aimed at stealing funds »according to Harry.ETHa security researcher from MetaMask/MyCrypto.
The victims seem to have lost 35 ETH, worth around $71,000, and this only in the first scam.
BEEPLE’s account was hacked to send a fake link to a ” official participation in the raffle and Twitter users asked others not to click on it after many people reported seeing their Ethereum wallet empty.
BEEPLE has nearly 672,000 Twitter followers, according to his profile. Last year, BEEPLE broke the auction record by selling an NFT for $69 million.
Harry.ETH has also added information about the hack: “ How do we know it’s a scam? We have some good indicators.
On 2022-05-15, the domain was directed to 18.104.22.168, which hosts fraudulent domains.
As of 2022-05-22 the domain has changed to 22.214.171.124 which appears to be dedicated host (for now). »
In all, Harry.ETH estimates that there were two links and therefore two scams, having taken a total value of $438,000.
Scam #1: 36 ETH (~$72k) 0xf305 has not yet withdrawn
Scam #2: 62.35 ETH (~$125k), 37.59WETH (~$75k), 45 NFTs (est ~$166k)
Total = $438,000
Increase in cryptocurrency scams
Unfortunately, this is not an isolated case. But this one was particularly effective because of the very loyal and active community of Beeple, especially in the world of cryptocurrencies.
At the start of the war in Ukraine, scam like the Elona cryptocurrency began to appear. In 2021, many YouTube channels were hijacked to spread crypto scams.
Many hacks have also taken place, we have created a dedicated article to better understand hackings on Defi platforms, such as when North Korean hackers stole $620 million from the decentralized game Axie Infinity.
As always, we advise you to do your own research first and pay close attention to flash ads. A collaboration or airdrop is generally announced in advance, to avoid crowd and surprise effects. Moreover, it is better not to jump on offers that seem too good and advantageous, as the famous saying goes, which works particularly well in the field of cryptocurrencies: “too good to be true”.
Cryptocurrency hacks and scams are a scourge, it is only by educating the investment community and showing this type of abuse that we can get rid of these harmful phenomena. Stay protected on the internet and do your own research before any investment.
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Passionate about geopolitics, economy, cryptocurrency, Eurasia and travel! (as far east as possible), crypto-trader for 4 years.