Dollars

Millions

<a href="https://bitcoinworld.co.in/nft-trader-hacked-hacker-stole-nfts-worth-millions-of-dollars/" title="NFT Trader Hacked, Hacker Stole NFTs Worth Millions Of Dollars" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">NFT Trader has suffered a hack on “old smart contracts,” letting at least one hacker make off with high-value NFTs worth millions of dollars, including several Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs.&nbsp;</li>
 <li style="font-weight: 400">NFT Trader has warned users to revoke access to two compromised smart contracts as the main hacker demands ransom payments for the stolen NFTs.&nbsp;</li>
</ul>
High-value NFTs worth millions of dollars, including rare Bored Ape and Mutant Ape Yacht Club tokens, World of Women NFTs, VeeFriends, Art Blocks, have been stolen in a major hack of peer-to-peer trading platform NFT Trader earlier today.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">We've suffered an attack on old smart contracts, please remove the delegation using <a href="https://t.co/zEMgkS96nP" rel="noopener noreferrer nofollow">https://t.co/zEMgkS96nP</a> to the following addresses: -0xc310e760778ecbca4c65b6c559874757a4c4ece0 -0x13d8faF4A690f5AE52E2D2C52938d1167057B9af
 — NFT Trader (@NftTrader) <a href="https://twitter.com/NftTrader/status/1736015091563438475?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 16, 2023</a>
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NFT Trader confirmed in an X post that “old smart contracts” had been attacked and urged users to revoke any permissions they had given the smart contracts in the past.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4e2.png" alt="📢" class="wp-smiley" style="height: 1em; max-height: 1em;">There was a malicious code execution from a third party to our two older smart contracts. However, we've implemented all necessary measures to prevent any such incidents in the future.
 — NFT Trader (@NftTrader) <a href="https://twitter.com/NftTrader/status/1736100088580342012?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 16, 2023</a>
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An X user foobar has <a href="https://x.com/0xfoobar/status/1736065943057334573?s=20" rel="noopener noreferrer nofollow">claimed</a> the attacks have finished after NFT Trader updated its smart contracts to fix a reetrancy vulnerability.&nbsp;
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 All exploits have now stopped <a href="https://t.co/bS2YUl0l7i" rel="noopener noreferrer nofollow">pic.twitter.com/bS2YUl0l7i</a>
 — foobar (@0xfoobar) <a href="https://twitter.com/0xfoobar/status/1736065943057334573?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 16, 2023</a>
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The apparent main attacker <a href="https://etherscan.io/tx/0xc2f91dbab46531732908a317290e18297670d0bb02bb66f94aa883ec448d9391" rel="noopener noreferrer nofollow">posted</a> a public message to the blockchain, pinning the invention of the NFT exploit on another user and claiming the attack was to “pick up residual garbage.”&nbsp;
The attacker offered to return tokens to victims after being paid a ransom of 3 eth per Bored Ape and 0.6 eth per Mutant Ape.&nbsp;
The attacker has also made a series of confusing moves, refunding one Bored Ape along with 31 eth to one user and returning certain staked Bored Apes to their owners, while keeping the ApeCoin rewards.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 NFT Trader exploiter also pulled $165,000 worth of <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$APE</a> from staked BAYC/MAYC that they drained
 Looks like they're sending back the apes that were staked and keeping the <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$APE</a> as the bounty <a href="https://t.co/HzA51xeFLB" rel="noopener noreferrer nofollow">pic.twitter.com/HzA51xeFLB</a>
 — Cirrus (@CirrusNFT) <a href="https://twitter.com/CirrusNFT/status/1736044308841586871?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 16, 2023</a>
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Aside from the main hacker, there have been reports of auxiliary hacks that have drained tokens such as Cool Cats and Squiggles from users’ wallets.
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 Other wallets appear to be stealing assets as well. This one took a CoolCat and a Squiggle. Using what appear to be similar methods. <a href="https://t.co/ctfKtX9zhp" rel="noopener noreferrer nofollow">pic.twitter.com/ctfKtX9zhp</a>
 — NFTstats.eth (@punk9059) <a href="https://twitter.com/punk9059/status/1736054271391777206?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 16, 2023</a>
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After the hack, the hacker said,&nbsp;
“I’m a good person, the value of these NFTs is enough for a person to live a free life, but I don’t care about that… My technical skills are limited, I can’t get all the affected NFTs at once, and it’s costing me a lot of energy and time, so.. If you want [your NFTs] back, then you need to pay me a bounty, which is what I deserve.”
<h3 id="span-style-font-weight-400-nfts-trading-volume-soar-span">NFTs Trading Volume Soar</h3>
In the backdrop of this security breach, the NFT market experienced a surge in activity. Sales soared by 52.81% over the past week, amassing $503.35 million.
NFTs on the Bitcoin network emerged as a dominant force, raking in $276.79 million and eclipsing Ethereum’s $99.67 million.
“The burgeoning interest and investment in NFTs could be partly attributed to the general sentiment of a bull market in the crypto sphere. Typically, in such market conditions, capital tends to flow towards NFTs,” DappRadar said in a recent <a href="https://dappradar.com/blog/dapp-activity-soars-to-3-4-million-nfts-close-on-1-billion#Chapter-4" rel="noopener noreferrer nofollow">report</a>.
The week’s <a href="https://dappradar.com/rankings/nft/sales?range=week" rel="noopener noreferrer nofollow">most</a> notable sales included Ethereum’s Fidenza #985, fetching $277K, and a Bitcoin-based NFT of a Van Gogh painting, which sold for $263K.
The post <a href="https://bitcoinworld.co.in/nft-trader-hacked-hacker-stole-nfts-worth-millions-of-dollars/" rel="noopener noreferrer nofollow">NFT Trader Hacked, Hacker Stole NFTs Worth Millions Of Dollars</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

NFT Trader Hacked, Hacker Stole NFTs Worth Millions Of Dollars

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