Wednesday, September 27, 2023
HomeNFTNFTs, Crypto Stolen After Web3 Gaming CEO Gabriel Leydon’s Twitter Hacked

NFTs, Crypto Stolen After Web3 Gaming CEO Gabriel Leydon’s Twitter Hacked

in a nutshell

  • Limit Break CEO Gabriel Leydon’s Twitter account was hacked Wednesday and used to spread fraudulent links.
  • Attackers managed to steal NFTs and crypto from users who manipulated fraudulent links. Leydon alleges wrongdoing by AT&T employees.

social media scam thriving in the crypto spaceWhen NFTs Collectors are losing assets to attacks via hijacked accounts. The latest example occurred last night, when dozens of NFTs and about $30,000 worth of cryptocurrency were stolen by a scam shared through high-profile accounts. Web3 game developer.

On Wednesday, the Twitter account of Gabriel Raydon— Co-founder and CEO of anime-inspired gaming startup Limit Break ethereum NFT project, Desi University— It looks like it was hijacked by an unauthorized user.Accounts started sharing links to previous Billed as access to allow list Secure a free Digi University NFT mint.

Instead, the user interacts with the website and smart contract—that is, code that powers NFTs and autonomy. decentralized app— Attackers instead stole NFTs and cryptocurrencies from each walletTransactions made on the blockchain network cannot be reversed by a third party, much like banks and credit card companies do in the event of fraud or theft.

Attackers can steal dozens of NFTs from users, totaling tens of thousands of dollars worth of Ethereum. The most valuable of them are Mutant Ape Yacht Club NFTs that attackers attack quickly Sold at 12.39 ETH (about $19,100 at the time).Additionally, the wallet has Acquire approximately $30,000 worth of cryptocurrency from the user.

Leydon has since recovered his Twitter account and blamed mobile operator AT&T in an audio message shared in the a direct message to DecryptionRaydon claimed AT&T employees ‘did it’ [an] Run Overrides All Security Protections [an] Illegal SIM swap. ”

SIM swap attacks are commonly used to bypass two-factor authentication protocols for accounts. An attacker can hijack the mobile phone number in question and use it to access protected accounts (including social media) and impersonate the account owner.

Leydon claimed the employee had “circumvented” protections placed on his AT&T account and said Limit Break is in contact with the company about the allegations. AT&T representative didn’t return immediately Decryptionrequest for comment.

CEO of Limit Break said Decryption The studio is investigating the attack and is working to help users whose assets have been stolen. rice field.

ZachXBT, a well-known pseudonymous blockchain investigator, tweeted that the attack looks like this: Link to Monkey Drainerrecently have scammers stole millions of dollars worth of NFTs and crypto assets.

Over the past few months, Twitter has been besieged by similar attacks. In some cases, the account of a prominent NFT artist or project creator of his is hacked and used to spread these so-called “purse stealing” scams. The rise of these scams has sparked debate about the liability of Web3 creators. compensate the user who lose their assets as a result.

Also, verified accounts of unrelated users such as journalists have been hijacked and rebranded as official project accounts, Used to spread exploitsIt happened more often earlier this year, especially around projects like Azuki When other sidebut Twitter appears to have addressed a security hole that facilitated abuse of verified accounts.

Limit Break was founded in 2021 by Leydon and Halbert Nakagawa, co-founders of mobile game studio Machine Zone, which has produced successful titles such as Game of War: Fire Age and Mobile Strike. The Web3 startup has raised $200 million from companies like FTX, Coinbase Ventures and Paradigm, as announced in August.

DigiDaigaku Billed As A “Free To Own” Game Intended To Stay Away From Volatile play and earn model popularized by Axie InfinityThe original Genesis NFT Profile Photo (PFP) for this project was launched and generated in Free Mint in August. Over 9,000 ETH worth About $14 million based on historical trading volume, or the current price of ETH.

Limit Break claims to have purchased Digi University’s commercial slot for Super Bowl LVII in February 2023. with a price tag of $6.5 millionhas invested heavily in potential opportunities to expose Web3 projects to a wider audience.

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