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Hong Kong Monkey Kingdom’s NFT Project Loses $ 1.3 Million In Phishing Hack, Launches Compensation Fund

December 23, 2021
Source: thebharatexpressnews.com thebharatexpressnews.com
News Snapshot:
Non-fungible token (NFT) project Solana Monkey Kingdom, which received notable backing from US DJ Steve Aoki, announced via Twitter on Tuesday that hackers have recovered $ 1.3 million from the community’s crypto funds through a security breach on Discord. According to its developers, the hack first happened with the breach of Grape, a popular solution to verify users on Solana. The hackers then used the exploit to gain control of an administrative account, which posted a phishing link in the Monkey Kingdom Discord announcement channel. Users who followed the link logged in their wallets expecting to receive an NFT, but...
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Tags: ASIA | auction | bitcoin | blockchain | charity | Chinese | community | compensation | corporate social responsibility | crypto | exploit | fintech | fraud | fund | hacker | Hong Kong | IT | KONG | news | phishing | platform | scam | Security | social media | Twitter

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