Kevin Rose, the creator of the non-fungible token (NFT) collection Moonbirds, has been the victim of a phishing fraud, which has resulted in the theft of more than $1.1 million worth of NFTs belonging to Rose personally.
On Twitter, the creator of the NFT informed his followers of the news and requested that they refrain from purchasing any Squiggles NFTs until his team had the opportunity to mark them as stolen.
It would seem that an attempt has been made to report the stolen NFTs on OpenSea and reclaim them. According to the on-chain detective ZachXBT, the same hacker was responsible for stealing 75 ETH from another victim before assaulting Rose.
According to ZachXBT, the malicious actor has developed a pattern of transferring the stolen monies to FixedFloat, where they are then exchanged for BTC before being deposited into a bitcoin mixer.
Arran Schlosberg, an acquaintance of Rose’s, stated that Rose was tricked into signing a fraudulent signature by an exploiter via phishing. This signature enabled the exploiter to move over a significant amount of tokens.
On the other hand, on-chain analyst Quit disclosed to his followers on Twitter that the fraudulent signature was made possible by the Seaport marketplace contract. Seaport is the platform that is responsible for powering OpenSea.
The hack that was done by Rose is the most recent in a line of significant vulnerabilities that have targeted prominent personalities on NFT and Web3.
Nikhil Gopalani, chief operating officer of Nike (NKE)-owned NFT project RTFKT, and CryptoNovo, a notable NFT collector, both lost a substantial amount of NFTs to fraudsters earlier in January. The total value of the stolen NFTs was assessed to be in the hundreds of thousands of dollars.