The recently launched non-fungiable token (NFT) project “Rare Bears” was hacked after a hacker stole around $800,000 by posting a phishing link on the project’s Discord channel. In the attack, The Sandbox (SAND), Azuki, CloneX NFTs were stolen. Here are the details…
Rare Bears hacked: SAND, Azuki, CloneX converted to ETH
Analysis by blockchain security firm Peckshield detailed that the attacker stole 179 NFTs, including “Rare Bears,” and other NFTs from various collections, including “CloneX,” “Azuki,” from artist Sartoshi. In addition, six LAND tokens used for The Sandbox (SAND) metaverse were also stolen. According to the on-chain analysis, most of the NFTs have been sold and the hacker has captured 286 Ethereum (ETH). Most of these were immediately transferred to Tornado Cash, a crypto mixer used to hide the source of funds.
Earlier today, the “Rare Bears” team reported that they have hired security consultant and auditor Pandez for a full security audit of their Discord. According to an update posted by the “Rare Bears” team, the hacker gained access to the account of a Rare Bears Discord moderator known as Zhodan and posted an announcement that a new NFT mint is taking place on the group’s channel. The link was fake.
Discord channel secured
The update from the security audit found that the project head’s Discord account had been compromised. Using the hacked account, the attacker removed other mods. Thus, the published phishing link could not be deleted by other authorities. The attacker then invited a bot that locked down all channels on the server, removing the ability for others to publicly communicate that posts and links were fake. Rare Bears announced that the team regained control of the server, removing the compromised account.
Kriptokoin.com As we have also reported, similar phishing scams have taken place on Discord in recent months. Last November, Discord members of popular NFT artist Beeple were also scammed, with attackers gaining access to a moderator’s account to post a phishing link. Similarly, user funds were stolen.
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