The co-founder of Moonbirds, Kevin Rose, faced a significant setback after losing $1.1 million in NFTs due to a phishing scheme.
In Brief
Kevin Rose, the co-founder of Moonbirds and CEO of PROOF Collective, has recently become a target of a phishing attack.
The unfortunate event led to Rose losing about $1.1 million in NFTs, including valuable tokens such as Autoglyph, Art Blocks, Cool Cat, and OnChainMonkey.
CEO of PROOF Collective and Moonbirds co-founder Kevin Rose has reported being a victim of a phishing incident.
On January 25, he took to Twitter to inform his 1.6 million followers that he had been hacked, advising the NFT community to steer clear of purchasing any Squiggles or Autoglyph NFTs until they could be verified as stolen.
The attacker managed to pilfer 25 Art Block NFTs, often referred to as Chrome Squiggles, amounting to around 332.5 ETH. Additionally, nine OnChainMonkey NFTs valued over 7.2 ETH, plus one Autoglyph NFT, were also stolen. The latter holds a floor price of 345 ETH in the secondary market. The scammer also took a highly prized Cool Cat NFT and Damien Hirst’s The Currency artwork, culminating in Rose’s overall loss of about $1.1 million.
On January 26, Arran Schlosberg, PROOF's VP of Engineering, shared a comprehensive review of the hack. explanation His timeline indicated that Rose was fooled into signing a malicious signature, granting the hacker access to a substantial number of high-value tokens.
Schlosberg informed that PROOF’s team promptly implemented the theft prevention tool Revoke Cash once the breach was detected, however, it was unfortunately too late as the assets had already been transferred. PROOF is currently collaborating with anti-fraud specialists from Ledger and OpenSea to explore all possible avenues, including potential legal action.
It's worth mentioning that PROOF Collective's own assets were not compromised and remain secure, as they typically require multiple signatures for access.
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