NFT OG CryptoNovo Is Scammed For BAYC, Art Blocks, & More


A scammer focused NFT OG CryptoNovo this week, stealing a number of CryptoPunks, BAYC, RTFKT, Meebits, and different NFTs. The scammer stole NFTs price over seven figures in whole! The worst half? CryptoNovo could have introduced this upon himself by signing a malicious transaction, the NFT community factors out.

image of two CryptoPunks NFTs and a RTFKT CloneX collectibles stolen
NFT OG CryptoNovo received scammed for his most prized collectibles, together with Meebits, CryptoPunks, MAYC, and extra.

Did the NFT OG CryptoNovo Get Scammed?

One other day, one other hack within the NFT area! This time, the sufferer is none apart from CryptoNovo – the NFT whale behind Decentraland’s NovoVerse. Earlier immediately, the collector tweeted the tragic information which rapidly grew to become viral.

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Based on Etherscan data, the nameless hackers stole his most prized possessions. The listing consists of Mutant Apes, RTFKT CloneX, and Meebits tokens. All in all, CryptoNovo misplaced seven figures price of NFTs – however may or not it’s his fault?

Based on crypto developer @correct, CryptoNovo had signed a malicious transaction by mistake. This would possibly’ve allowed hackers to entry and drain his sizzling pockets. Right here’s one instance displaying that the proprietor provided “limitless allowance” to a suspicious deal with:

screenshot of a scammed NFT collector's data via Etherscan
A number of NFT community members identified to an odd deal with which had entry to CryptoNovo’s collectibles. Credit score: Etherscan

In fact, @correct suggested CryptoNovo to revoke entry and permissions to his NFT pockets as a way to forestall additional scams. On the time of writing, CryptoNovo hadn’t replied to this put up but.

Nonetheless, this proof raised larger points for the NFT community: can we ever commerce NFTs safely?

Can You Stop Hacks within the NFT Area?

There are various sorts of hack, and so we want to concentrate on how hacks occur. One hacking technique is thru signing malicious good contracts, as a result of folks can’t (or received’t) learn they fastidiously. Different instances, hackers could get previous the hardest safety measures to take over a challenge’s socials and place phishing hyperlinks.

Both approach, one factor anybody can do is to make use of a number of wallets to retailer and commerce your NFTs. Accordingly, NFT execs advise holding your most dear collectibles in a chilly pockets and use sizzling wallets only for transactions. Subsequently, in case you are hacked, will probably be for an empty pockets, not one filled with NFTs.

Don’t know tips on how to retailer your NFTs? Our information will help you select one of the best crypto pockets to begin shopping for NFTs safely! Additionally, try our information to NFT safety with Ledger for extra data on tips on how to maintain your belongings protected.



All funding/monetary opinions expressed by usually are not suggestions.

This text is academic materials.

As at all times, make your personal analysis prior to creating any type of funding.

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