Overview of the NFT Trader Hack
Peer-to-peer trading platform NFT Trader suffered a significant security breach on December 16, leading to the theft of millions of dollars worth of nonfungible tokens (NFTs). This event has sent shockwaves through the cryptocurrency and digital asset community, raising serious concerns about the security of blockchain transactions.
Details of the Stolen Assets
Among the stolen assets were at least 13 Mutant Ape Yacht Club and 37 Bored Ape tokens, along with VeeFriends and World of Women NFTs. The total value of the stolen NFTs is estimated to be around $3 million, as reported by Revoke.cash, a platform tracking blockchain transactions and delegations.
NFT Trader’s Response and User Advisory
Following the breach, NFT Trader issued a statement on X (formerly known as Twitter), confirming the incident. The platform identified that the attack targeted older versions of their smart contracts. They have since urged users to revoke delegations to two specific addresses believed to be associated with the hackers: 0xc310e760778ecbca4c65b6c559874757a4c4ece0 and 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af.
The Hackers’ Tactics and Public Statements
The situation became more convoluted as rumors and misinformation began to spread across social media platforms. One of the attackers publicly admitted to exploiting the security flaw and requested ransom payments in Ether for the return of the stolen NFTs. This individual, claiming to have limited technical skills, asked for a 10% bounty from the victims to return their assets.
A Twist in the Tale
In an unusual turn of events, one of the victims reported that the hacker returned a rare NFT along with 31 Ether (ETH), valued at approximately $70,680. This unexpected move has added a layer of complexity to the ongoing investigation and recovery efforts.
Continuing Developments
As the situation unfolds, both NFT Trader and the broader NFT community are closely monitoring the aftermath of this breach. The incident serves as a stark reminder of the vulnerabilities in digital asset trading and the need for enhanced security measures in the blockchain ecosystem.
