Prominent crypto users lose over $10MM worth of tokens and NFTs in a mysterious hack that has left the community shocked. Investigation reveals surprising details about the hacker’s targets and methods. Learn how to keep your digital assets safe in this eye-opening article.
Over the last few days, the crypto community has been buzzing about a mysterious hack that has drained over $10MM worth of tokens and NFTs from prominent crypto users. The hacker, who remains unidentified, has been active since December 2022 and appears to target people who are more “crypto native,” including individuals with multiple wallet addresses and former employees of the web3 space.
Taylor Monahan, former CEO and founder of MyCrypto, has been investigating the hack and has made some interesting details public. The stolen amounts discovered exceed 5000+ ETH across 11+ different chains (BTC, ETH, LTC, Solana, Tezos, etc.). However, the biggest problem of the matter is that no one knows how the hack was even done in the first place.
There are a few theories about how the hacker was able to drain the accounts. One theory is that the hacker got their hands on a big data cache from over a year ago and created a system to methodically drain people.
Another theory is that the password software giant Lastpass was exploited months ago, and it’s possible some people could’ve uploaded their private keys to their LastPass vault.
A Few Tips
The investigation is still ongoing, and it serves as a reminder to keep your digital assets safe. Here are a few tips to help keep your crypto safe from hackers:
1.Use a hardware wallet – Hardware wallets are the most secure way to store your cryptocurrency, as they store your private keys offline and away from any potential hackers.
2.Use two-factor authentication – Two-factor authentication adds an extra layer of security to your account by requiring a second form of authentication, such as a code sent to your phone.
3.Use strong passwords – Use a unique, strong password for each of your accounts, and consider using a password manager to keep track of them all.
4.Keep your software up to date – Make sure to keep your operating system, wallets, and other software up to date with the latest security patches.
5.Be cautious of phishing attempts – Hackers often use phishing attempts to try and trick you into giving them your private keys or other sensitive information. Always be cautious of any unsolicited messages or emails, and verify the sender before taking any action.
In conclusion, this hack serves as a stark reminder of the importance of keeping your digital assets safe. By following these tips and staying vigilant, you can help protect yourself from potential attacks.