How Moonbirds Founder Kevin Rose Had Over $2M Worth Of His NFTs Stolen!
How Moonbirds Founder Kevin Rose Had Over $2M Worth Of His NFTs Stolen!
Kevin Rose, the co-founder and CEO of NFT collective, Proof, behind some major NFT collections like Moonbirds and Oddities, has recently become the latest victim to a major phishing scam that saw most of his valuable NFTs stolen from him.
$2M NFTs Stolen
On Wednesday, Rose tweeted out a warning to his 1.6 million followers that his NFT wallet had been compromised and his NFTs stolen, asking the public to be wary and avoid buying any Chromie Squiggles NFTs which could have previously been his.
PROOF vice president of engineering Arran Schlosberg explained on his Twitter that this issue started after Rose was “phished into signing a malicious signature” which then allowed the hacker access to his wallet before draining it of his NFTs.
“This was a classic piece of social engineering, tricking [Rose] into a false sense of security,” Schlosberg wrote. “The technical aspect of the hack was limited to crafting signatures accepted by OpenSea’s marketplace contract.”
It looks like @kevinrose wallet was just compromised…
Millions and millions in NFTs drained… pic.twitter.com/GjK2gdHbmU
— Cirrus (@CirrusNFT) January 25, 2023
As a result of this, around 40 NFTs worth around $2 million in total have been stolen, with 25 of those being Chromie Squiggles from the Art Blocks project. Other valuable NFTs stolen included an Autoglyphs NFT from original CryptoPunks creator Larva Labs which would have costed around 345 ETH.
Related: Doodles NFT Founder Provides More Details On Doodles 2 Collection!
I was just hacked, stay tuned for details – please avoid buying any squiggles until we get them flagged (just lost 25) + a few other NFTs (an autoglyph) …
— KΞVIN R◎SE (🪹,🦉) (@kevinrose) January 25, 2023
Latest Update
Since then, many of Rose’s stolen assets have been marked and flagged as stolen on OpenSea, though it does not limit them from being purchased on other marketplaces.
Arran Schlosberg clarifies on his thread that the hack and theft of Rose’s personal wallet do not have an effect on any of the NFTs or assets on PROOF’s wallet because they require multiple signatures to move.
He also added that the PROOF team are now currently working closely with the OpenSea and Ledger anti-fraud teams and “considering all avenues, including legal.”
Related: Twitch Co-Founder’s Web3 Gaming Platform Expands To Polygon
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