Hacker Steals $150,000 In Crypto From Twitch Co-Founder’s New NFT Platform
Author: Trend Micro
This article is from Trend Micro.
It only launched a couple of weeks ago, but Fractal — Twitch co-founder Justin Kan’s new NFT marketplace — has already been hit with a large-scale scam.
The hacker was able to gain access to Fractal’s Discord server and post a message to the platform’s 100,000+ members. Posing a bot, the hacker sent a message stating that in celebration of the platform reaching 100,000 members, the company was conducting an NFT drop.
The message the hacker posted to Fractal’s Discord. Source
The hacker claimed that there were 3,333 NFTs up for grabs and that people could mint (claim) them for 1 Solana (close to $200). The hacker instructed Fractal’s members to visit a malicious URL (containing “fractai” instead of “fractal”) and connect their Solana wallets.
According to a statement released by Fractal, the hacker was able to scam 373 users and make off with approximately 800 Solana (a little bit more than $150,000).
The company has promised to compensate all of the victims, but in its statement it did hint that if future scams were to happen, it may not take responsibility, encouraging its users to exercise caution:
“We must all be careful out there, as the next exploit might be much larger and Fractal will likely not be in a position to cover potential future losses. As we’ve said to the community, Fractal’s NFT airdrop is and always was intended to be free. In this case, the hacker was requesting 1 SOL to “mint”. Their story didn’t make much sense. If something doesn’t feel right in crypto, please don’t proceed, even if at first it looks legitimate.”
Kan also posted an apology video to Twitter, in which he echoed the statements about always proceeding with caution when dealing with cryptocurrency.
https://twitter.com/justinkan/status/1473363510935449600
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