An unknown hacker hacked into the Twitter account of artist Mike Winklemann, known as Beeple, and stole $438,000 worth of cryptocurrency from people.
On May 22, the attacker accessed Beeple’s account and posted a message on his behalf about creating a new NFT collection in collaboration with the Louis Vuitton fashion house.
The scammer also added a link to a site where one could supposedly issue one of the 200 non-swappable tokens for free.
Social network users who clicked on the link and gave the phishing smart contract permission to transfer their coins lost $365,000 worth of digital assets and NFT.
Moreover, several people sent $73,000 worth of Ethereum (ETH) themselves to the address specified by the scammers.
The cryptocurrency access permissions that the smart contract obtained
Beeple regained control of the account as soon as he woke up. He warned about the scam and said he would never announce the surprise release of NFT at 06:00 on Sunday.
One Twitter user said that the artist should compensate the victims of the phishing attack, but Beeple has not yet responded in any way.