Phishing Attacks and Exploits Rock NFT Community As Blur Gets Hit

2023-12-20 11:59:25

In a double whammy for the blockchain community, two phishing attacks targeting non-fungible tokens (NFTs) have been reported today. PeckShield reports the theft of 7,304 Meebits and 185 CryptoPhunks in a brazen phishing attack. The assailant, operating under the moniker ‘Fake_Phishing187019’, successfully uted the heist on the Blur platform

The stolen NFTs, valued for their uniqueness and rarity, are now under the control of the malicious actor, leaving their original owners in despair. Simultaneously, PeckShield reported an ongoing attack utilizing ERC2771 and multiple techniques. This sophisticated assault has already claimed 85 0XLBOTS and 152 CypherpunkZero NFTs

The scale and precision of the attack have raised concerns within the blockchain community, ing heightened security measures across ious NFT platforms.

NFT Phishing Schemes on The Rise

Adding to the situation’s complexity, the attacks come on the heels of an incident just a day ago. Several Bored Apes and Pudgy Penguins fell victim to an abuse of the Floor Protocol, leading to their unlawful acquisition by a wallet linked to a phishing scheme. The compromise in the NFT protocol, attributed to an improper contract update initiated by the NFT marketplace founder known as “foobar,” paved the way for this exploit.

In an effort to rectify the situation, “foobar” has identified the wallet housing the stolen Bored Apes and Pudgy Penguins on etherscan. The implications of this security lapse underscore the vulnerabilities within the NFT eco, emphasizing the need for a robust and proactive approach to cybersecurity.

As the blockchain community grapples with these successive incidents, stakeholders are urged to remain vigilant and prioritize security measures to safeguard the integrity of the rapidly growing NFT space. PeckShield continues to monitor the situation closely and advises users to exercise caution in their transactions to mitigate the risks posed by malicious actors.

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