Arthur_0x – DeFiance Capital Founder Got Hacked and Lost $1.6 million

“Arthur_0x,” the founder of large crypto investment firm DeFiance Capital, was hacked on one of his hot wallets, resulting in the loss of more than $1.6 million in nonfungible tokens (NFTs) and crypto. The crypto community has come to help him return the stolen items after he asked people to blacklist the hacker’s wallet.

Several people on Twitter have tried to figure out how the attack happened and where the hacker got access to his wallets. According to PeckShieldAlert in the latest Tweet, he said there has been 59 NFTs in the Founder of DeFiance Capital got transferred to another Wallet Address: 0xe47E8cD58c8E95F765e642d7dCB898f622ceFA83

NFT community member “Cirrus” went to buy two of the stolen Azuki NFTs and decided to return them to Arthur at cost. Cirrus responded by saying that this is “not the first time” this has occurred to him. “I could easily go sell them for 6-8 ETH profit,” he continued, “but it simply isn’t right.” His profile reveals that he had previously been a victim of rug pulls three times, which likely guided his sympathies for his fellow victim.

In total, Arthur appears to have lost 78 different NFTs from five collections, the majority of which were Azuki’s. In addition, he lost

• 68 Wrapped Ether (WETH)
• 4,349 Staked DYDX (stkDYDX)
• 1,578 LooksRare (LOOKS) tokens.

At around 12:30 a.m. UTC, the hacker began shifting assets and then immediately put all of the NFTs up for auction on the OpenSea NFT marketplace. At the time of writing, the hacker’s wallet held 545 ETH, which was worth around $1.6 million.

This hack highlights the necessity of operational security when dealing with the self-custody of crypto assets, as even the industry’s highest echelons can be targeted. In Arthur’s situation, he is confused as to how this happened to him, writing in a tweet, “Hot wallet on the mobile phone is clearly not safe enough.“

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

KAZ

CoinCu News