Monkey Kingdom NFT Buyers Lost SOL on $1.3 million as a result of a phishing attack – Bits Media

Hong Kong NFT project Monkey Kingdom suffered a cyber attack. A hacker hacked into the project's Discord account, as a result, buyers of tokens lost 7 000 SOL ($1.3 million).

According to Monkey Kingdom, During the NFT sale, an attacker hacked the administrator account group chat of the project on Discord and posted a phishing link in it. Members, which went on this link, transferred to the criminal's wallet 7 000 SOL.

"December 21st at 22:00 Hong Kong time, when did the token sale start, an attacker hacked our Discord channel using a bot and posted a phishing link on it.”, - says in the statement.

Monkey Kingdom NFT buyer "commenstar" tweeted, that I followed a phishing link to Discord and lost 650 SOL. "I never thought, that there may be an incorrect link on the official channel", – he noted.

Monkey Kingdom highlighted 7 056 SOL to a “compensation fund” to compensate NFT buyers for losses. However, it is unknown, what measures were taken to find the attacker and whether the project managers contacted law enforcement agencies.

Real estate investment specialist and NFT collector Andrew Man (Andrew Man) stated, that as collectible tokens have grown in popularity, fraud has become commonplace in the sector.

“It has become very common.. Almost every week someone from my WeChat group posts, that their NFT was stolen. My friend lost a piece of Sandbox land in an NFT video game, where users can purchase plots in the virtual world.

Maine noted, that phishing links are a common trick, with which hackers can steal cryptocurrency from holders. So, NFT-based gaming platform Vulcan Forged recently reported a theft 4.5 million PYR (about $100 million) from users’ cryptocurrency wallets.

In October, the Creature Toadz project, specializing in NFT release, also suffered a cyber attack. A hacker hacked into the team's Discord account and tricked project members into sending him more than 88 ETH (about $340 000). In just ten years, cryptocurrency projects have lost $12.1 billion as a result of hacker attacks.