Gabriel Leydon, co-founder and CEO of blockchain gaming company Limit Break, had his Twitter account hijacked via sim swap in a mobile carrier ATT store in the U.S.
From Leydon’s Twitter account, the hacker tweeted a fake DigiDaigaku NFT allowlist link that many of his followers clicked, draining their bank accounts and stealing their assets in the process.
According to Wu Blockchain, the hacker’s wallet reportedly received more than 19 ETH. The hacker sold a stolen MAYC #5738 NFT for 12.39 ETH.
Limit Break would locate the hacker, press charges, and seek compensation for damages, according to a tweet from the DigiDaigaku Twitter account, which was later removed.
Leydon asserted that a worker got through security measures put in place for his AT&T account, and he stated that Limit Break is in touch with the company over the claims.
The most common method for getting around two-factor authentication procedures on accounts is a SIM swap attack. The hacker can take control of the target mobile phone number, and access protected accounts, such as social media accounts, where they can pose as the account owner.
In a voice message, Leydon informed his followers that he had reclaimed control of his account.
In the incident, a number of additional NFT collections also ended up in the wrong hands. NFTs from initiatives like Mories, Nyolings, and others are included here.
ZachXBT, a leading crypto-detective, claims that the culprit behind the series of breaches goes by the name “Monkey Drainer.”
The Limit Break CEO stated that the company is investigating the hack event and that it will work to assist users whose assets were stolen.
“It’s a terrible situation, and once we verify the person was attacked, we will help that person,” Leydon noted.
Twitter account hacks appear to be the most common method of crypto scams in recent times, especially famous crypto projects` accounts getting hacked, and even celebrity accounts are not safe from the hackers’ wrath. Last month, the Yuga Labs Otherside metaverse Twitter account got hacked by an unknown entity as it was showing unusual activity.
Also Read: 7 Common Crypto Scams on Twitter