Hackers crack Beeple’s Twitter profile in $438,000 scam

By Raffaele Redi

The fraudsters used a fake partnership with Louis Vuitton to steal ETH and NFTs

Smartphone displaying Beeple’s $69m collage NFT, Everydays: The First 5,000 Days                                 
Beeple became the most popular NFT artist after he sold an NFT for $69m at Christie‘s in 202 – Photo: Shutterstock
                                

Non-fungible token (NFT) artist Mike Winkelmann, aka Beeple, had his Twitter account hacked as part of a phishing scam that saw scammers steal $438,000 in ether and NFTs on Saturday night.

According to MetaMask security expert Harry Denley, in around five hours on 21 May 2022, the scammers stole ETH135 (around $272,000) from people’s wallets and 45 NFTs, valued at around $166,000.

By Sunday morning, Beeple tweeted out: “Twitter was hacked but we have control now. Huge thanks to [VaynerMedia CEO] Gary Vaynerchuk [and] team for quick help.

“Stay safe out there, anything too good to be true is a scam. And as a side note, there will never be a surprise mint. I mention one time in one place starting at 6am Sunday morning.”

What we know so far

According Denley, the scammers updated and posted a link on Beeple’s Twitter account, promoting a fake partnership between Beeple and the luxury fashion house, Louis Vuitton, to attract users.

The fake post offered 1,000 unique Beeple and Louis Vuitton NFTs promoting a raffle accessible by paying ETH1.

However, the link connected users to a dodgy website. When people clicked on it, one ether was automatically drained from their wallets.

Beeple, who has 673,000 Twitter followers, is one of the most popular NFT artists after his collage of 5,000 NFTs, called Everydays: The first 5,000 days, sold at Christie’s for $69m making headlines all over the world.

A real Beeple and Louis Vuitton NFT game launched in August 2021. The project went live Wednesday 4 August 2021 to celebrate the designer label’s 200th anniversary.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image