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NFT News

NFT Game Developer Loose Out $1M Of NFTs And Ethereum

The developer of NFT game lost 16 CryptoPunks “and ETH” after falling prey to a scammer.

Written By Dhara Chavda
Published 2021-08-02·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle
NFT Game Developer Loose Out $1M Of NFTs And Ethereum

A NFT game developer was tricked out of over $1 million worth of NFTs and Ethereum in a phishing attack.

“I was lying in bed yesterday evening, the mind was very foggy, casually browsing,” Stazie, the pseudonymous developer of NFT game Hedgie, tweeted yesterday. “The whole thing happened like a bad dream, almost felt like I was hypnotized.”

Stazie says that the scammer posted a chance wherein one could win NFT avatars on discord. The poster used the name “cryptopunksbot”. He said that the post indicated that the offer was to celebrate the project’s four-year anniversary. The link directed to LarvaLabs.io, a convincing copy of LarvaLabs.com, the project behind CryptoPunks. 

The scammy site had a popup “that looked like Metamask,” said Stazie, referring to the widely-used in-browser wallet. In an attempt to win the NFTs, Stazie logged on to the bogus website. He entered his twelve-word seed phrase after he got the notification about the compromise of his Metamask wallet. After sending the phrase to the scammer the NFTs and ETH were quickly removed from his wallet.

Also Read: MetaMask’s ConsenSys Fundraises $450M At $7B Valuation

The scammer then sold five out of 16 cryptopunks for 149 ETH. One has been transferred to another wallet and ten remain in the scammer’s wallet. The scammer’s wallet now contains 10 CryptoPunks; it is visible on Larva Labs.

Stazie tweeted that he could manage to transfer WETH and artworks out one by one to his friend’s wallet. In one of the tweet threads, Stazie also linked the scammer’s account.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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