Hackers gained access to the profile of the voxel-powered NFT platform on September 8. Hackers advertised a fraudulent raffle ticket event that claimed to be a season 4 LAND giveaway to unwary visitors by rerouting The Sandbox fans to a fake raffle giveaway URL.
The company claimed that the fraudulent giveaway had been promoted by getting beyond its two-factor authentication and other security safeguards. One user claimed to have lost NFTs after following the fraudulent link, and the profile’s website address was altered.
Sandbox co-founder and chief operating officer Sebastien Borget revealed that the hackers then reached out to a number of users on Instagram with Bored Ape Yacht Club profile pictures in an attempt to “rent” out the NFTs – offering 40 Ether (ETH) to use the BAYC NFTs for 24 hours.
According to Borget, The Sandbox managed to recover control of its Instagram account a few hours later, while stories promoting the fake giveaway were still live on the account at the time of publishing.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
This website uses cookies.