PleasrDAO Twitter Hack Causes $1.2 Million Losses

Key Points:

• The PleasrDAO Twitter account was hacked and a phishing link was released, resulting in a loss of over $1.2 million for those who interacted with the fake site.
• The hacker, identified as 0xCb…bCd5, made a profit of 654 ETH.

Yesterday, the PleasrDAO official Twitter account was hacked, resulting in a loss of $1.2M for those who interacted with the fake site.

The PleasrDAO official Twitter account was hacked, and a phishing link was released, resulting in a loss of over $1.2 million for those who interacted with the fake site/tweets. The hacker, identified as 0xCb…bCd5, made a profit of 654 ETH. PleasrDAO, which has received investments from a16z, Mechanism Capital, and others in 2022, has yet to release an official response.

Jamis Johnson, the Chief Pleasing Officer, tweeted that his associate was hacked, and expressed his sadness that this happened while he is still recovering from a traumatic brain injury. While scammers of this degree are always shameless, this feels like a deeper abuse in an undefensive state. PleasrDAO has yet to address Johnson’s injury publicly.

The official PleasrDAO Twitter account posted related tweets about the adoption of the PLEASR pseudo-token. There were reportedly no significant losses, and $11.34 was lost to BNB due to the hack.

PleasrDAO is an art collective that collects and manages NFTs. PleasrDAO’s thesis is to collect works of cultural significance, often related to philanthropic activities. PleasrDAO was initially organized on Twitter in March 2021 in order to purchase Pplpleasr’s genesis Non-Fungible Token (NFT).

The organization is comprised of artists, NFT collectors, and DeFi leaders, and together they have achieved the reputation of being called an “art collector’s empire.” Each member of the DAO holds a token that represents a portion of the team’s treasury and has an equal voice in the group’s decision-making.

The DAO was initiated by PoolTogether co-founder Leighton Cusack in March 2021. Other team members include Alex Svanevik, CEO of crypto data platform Nansen, Calvin Liu of Compound, Tarun Chitra of Gauntlet Network, and Andrew Kang of Mechanism Capital.

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