Greater than $100 Million Value of NFT Artwork was Stolen this 12 months

This week, analysts at London-based Elliptic printed a brand new report displaying that hackers managed to steal greater than $100 million value of NFTs in a 12 months. The most costly of the stolen NFTs was a token from the CryptoPunks challenge (#4324), which was value $490,000 on the time of the theft (in November 2021).

Fraudsters stole $56 million value of NFTs this spring alone. In early June, Yuga Labs’ NFT studio servers have been subjected to a phishing assault. About $360,000 value of property have been stolen because of the hack. The most important variety of tokens (4,647) have been stolen in July 2022. By August, the entire worth of stolen tokens and the variety of thefts had decreased barely. In accordance with Elliptic analysts, this is because of NFT collectors hiding their property due to the overall downturn available in the market.

Fraudsters proceed to make use of numerous deception schemes, together with phishing hyperlinks, pretend web sites and pages on social networks, in addition to supposedly free giveaways of tokens from well-known NFT-projects. On the finish of Might, the web page of digital artist Beeple was hacked, leading to $438,000 for the attackers.