Azuki Hack Results in Over $750K USD in Stolen Funds
Serving as yet another example of why users should proceed with caution and use security tools.
On Friday, January 27, the popular PFP project Azuki had its Twitter account hacked, resulting in over $750,000 USD in funds being stolen in less than 30 minutes.
It was also reported that 11 NFTs and nearly 4 ETH were also drained through the fake mint, according to a report on the matter first shared by Decrypt.
1/ The @AzukiOfficial Twitter was compromised today. A series of malicious tweets were posted during the morning of Friday, Jan 27th (Pacific Time).
The team has regained control of the @AzukiOfficial Twitter.
Details below ?
— Azuki (@AzukiOfficial) January 27, 2023
With its gold-check Twitter profile and its established name in the NFT space, users thought that they had stumbled upon a “shock drop” or surprise land mint of the project’s upcoming metaverse city Hilumia — ultimately tricking them into signing wallet-draining transactions.
Thankfully, Azuki was able to reach out to contacts at Twitter and have the malicious tweets taken down within an hour of publishing and has since regained control of their account.
According to well-known “on-chain sleuth” ZachXBT, the attacker was the same who had just recently compromised the Twitter accounts of projects like Mutant Hounds, A Kid Called Beast, and Chimpers.
Was the same scammer named Lock who compromised Mutant Hounds, AKCB, and Chimpers Twitter accounts recently. pic.twitter.com/YSgy6SnvJr
— ZachXBT (@zachxbt) January 27, 2023
Based on a recent article shared by CoinDesk, Rose lost over 40 NFTs valued at several million dollars. Schlosberg did share that assets owned by PROOF remain “unaffected and not at risk,” because they use multi-sig security measures. He explained that the team was working with anti-fraud teams from OpenSea and Ledger “and are considering all avenues, including legal.”
These situations and others like them speak to the need for increased security tools, with platforms like PocketUniverse, Fire, and Stelo being great starting points.
Through these applications, users are given a brief overview of what they are signing in easy-to-understand terms, with large warning displays should the contract or transaction be discovered to be malicious.
In other news, Amazon could soon launch NFT product offerings.
