The Creator of Moonbirds NFT Loses $1 Million After A Wallet Hack

Kevin Rose, the co-founder of the Moonbirds non-fungible tokens and CEO of Proof Collective, was the target of a phishing attempt and lost tokens valued at roughly $1.1 million.

Damien Hirst's well-known piece The Currency, one Autoglyph, 25 Art Blocks, one Cool Cat, and nine OnChainMonkey tokens are just a few of the stolen NFTs.

The vice president of Proof Collective, Arran Schlosberg, offers his perspective on how the hacker was able to take control of the businessman's NFT collection in a post that Rose retweeted.

On January 25, in the evening, Rose "was duped into putting his name on a fraudulent document, allowing the hacker to transfer several high-value tokens. Here is a summary of what occurred, our prompt response, and our ongoing initiatives: "stated Schlosberg. "This was a perfect example of social engineering, deluding KRO into believing they were safe. The hack's technical capabilities were restricted to creating signatures that were recognized by the marketplace contract for OpenSea."

The vice president said that as soon as Schlosberg and Rose realized the hacking attempt was aimed at the NFT collection, they quickly utilized the Revoke.cash preventive tool to clear authorization.