Beeple’s Twitter account falls victim to phishing attack, hackers steal $438,000 worth of Ether, NFTs

Digital artist Mike Winkelmann, better known as Beeple on Twitter, has had his account hacked on the microblogging platform as part of a phishing scam that appears to have stolen around US$438,000 (approximately Rs.3.4 million) in Ether and NFTs . According to the Non-fungible Token (NFT) artist and others on Twitter, including MetaMask security expert Harry Denley, Beeple’s account temporarily shared a fake link that appeared to lead to a collaboration site with fashion designer Louis Vuitton, who, if clicked, crypto would steal the user.

The tweet shared a link to a shady website purporting to be a “raffle” of Beeple’s collaboration with Louis Vuitton. But when people clicked the link, an ether was automatically withdrawn from their wallets, according to Denley. Winkelmann had collaborated with Louis Vuitton on an NFT raffle for the luxury fashion brand’s mobile game “Louis: The Game” in April.

According to a follow-up tweet from Denley, a second, more sophisticated attack on the sweepstakes link resulted in the attackers raking in much more ether than the first shared link.

The first attack raised 36 Ether worth more than US$70,000 (about 54.5 lakh) and the second about US$365,000 (about 3 million rupees) in ETH and NFTs.

Beeple, who has more than 472,000 followers on Twitter, later tweeted that his account was back to normal and “we are in control now.”

The 40-year-old digital artist made headlines in March 2021 when an NFT of his work sold for US$69 million (around Rs 5.35 billion) at popular auction house Christie’s.

According to a report earlier this month by Top10VPN, a global digital privacy and research group, NFT hacks have resulted in nearly US$52 million (about Rs.4.03 billion) in losses in the first four months of 2022 alone , compared to less than US$7 million (approximately Rs. 54.5 crore) for all of 2021.

Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended to and does not constitute financial advice, trading advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for any loss arising from any investment made based on an accepted recommendation, forecast or other information contained in this article. Beeple’s Twitter account falls victim to phishing attack, hackers steal $438,000 worth of Ether, NFTs

Ryan Sederquist

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