Millions of Dollars Worth of High-Value NFTs Stolen in Major Hack
A major hack on the peer-to-peer trading platform NFT Trader resulted in the theft of millions of dollars worth of high-value NFTs. Tokens such as rare Bored Ape and Mutant Ape Yacht Club tokens, World of Women NFTs, VeeFriends, and Art Blocks were among those stolen.
The Attack and Response
NFT Trader confirmed that the hack targeted “old smart contracts” and advised users to revoke any permissions they had granted to these contracts in the past. The company has since updated its smart contracts to fix a vulnerability and it appears that the attacks have ceased.
The Main Attacker’s Actions
The main attacker posted a public message on the blockchain, attributing the invention of the NFT exploit to another user. They claimed that the attack was motivated by a desire to “pick up residual garbage.” The attacker offered to return stolen tokens to victims if they paid a ransom.
Auxiliary Hacks and Drained Tokens
In addition to the main hack, there have been reports of auxiliary hacks targeting tokens such as Cool Cats and Squiggles, resulting in the draining of these tokens from users’ wallets.
No Immediate Response from NFT Trader
NFT Trader has not yet responded to requests for comment regarding the hack.
Hot Take: High-Value NFTs Stolen in Major Hack on Trading Platform
A major hack on peer-to-peer trading platform NFT Trader has resulted in the theft of millions of dollars worth of high-value NFTs. Tokens such as rare Bored Ape and Mutant Ape Yacht Club tokens, World of Women NFTs, VeeFriends, and Art Blocks were among those stolen. The company has confirmed that “old smart contracts” were targeted and urged users to revoke any permissions they had given to these contracts. The main attacker has made public statements and offered to return stolen tokens after being paid a ransom. Auxiliary hacks have also been reported, draining tokens from users’ wallets. NFT Trader has yet to respond to requests for comment on the incident.
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