NFT Theft: Fake Insiders Posing As IT ‘Experts’ Rack Up $1 Million–ZackXBT

Description

NFT projects lost roughly $1 million in crypto over the past week when hackers posed as IT staff and struck at the heart of minting systems. The breach hit fan-token marketplace Favrr and Web3 initiatives Replicandy and ChainSaw, among others. According to onchain investigator and cybersecurity analyst ZackXBT, the attackers pushed out mass batches of NFTs, drove floor prices to zero, then cashed in their haul before teams could react. NFT: Hackers Slip Into Web3 Teams Based on reports, the grou...