Hackers have taken control of the Twitter profile for NFT Project Azuki and have stolen assets worth over $750K.
On Friday, the Twitter account of the leading non-fungible token (NFT) project, Azuki, was hacked (1), resulting in the theft of crypto assets worth over $750,000. Following the seizure of the project's account early yesterday, hackers posted a link to a wallet-draining on The Garden, Azuki's native metaverse service, while disguising it as an invitation for individuals to take part in a digital land mint.
Wallet drainers are phishing processes intended to trick potential victims into approving transactions that transport digital assets, such as bitcoin or NFTs, from their wallets to the wallets of the cyber attacks. These transactions can transfer funds from a victim's wallet to a hacker's wallet in the following way:
Within thirty minutes of the malicious link being tweeted, these bad actors stole the equivalent of $81,321 worth of USDC from one wallet, according to the data provided by Etherscan. This is the largest sum that was taken in this robbery. A total of almost 3.9 ETH, 11 NFTs, and $6,742.62 in USDC were stolen by the attackers from various crypto currency wallets.
Emily Rose, in charge of community management for Azuki, was the first native authority to verify that the project's Twitter page had been compromised. Emily warned users of the account through a tweet, telling them not to click on any link shared by the account.
Azuki could retake control of its Twitter account in the hours that followed the cyber assault, therefore removing the fraudulent messages that had been sent there. A statement was also issued by the leadership team of the anime-based NFT project, in which it was stated that an investigation was already underway.
The management team also advised its followers to verify the authenticity of any future announcements by ensuring that they were published simultaneously across all of Azuki's various media channels.
It is interesting to note that this will not be the first time that the Azuki NFT project has been the central figure in a social media cryptocurrency incident. At the beginning of 2018, hackers took control of several verified Twitter accounts and used them to spread the word of an airdrop of bogus Azuki NFTs.
The most prominent of these wallets was the one from the India University Grant Commission, which was reclaimed immediately after the security compromise was discovered.
Twitter Hacks on the Rise
Two days before the announcement of the cyber assault on Azuki, a popular trading platform known as Robinhood also had its Twitter profile stolen and used to promote the sale of a bogus crypto currency token known as RBH.
Even though the Robinhood team was able to restore the account within minutes and erase the misleading promotional tweet, the hackers were still able to steal over $8,000 from unsuspecting investors who had been taken in by the fraud.
Although the losses that were sustained as a result of the Robinhood assault were relatively minor compared to those that were suffered due to the Azuki attack, both occurrences constitute the only major hacking attacks on the crypto currency market in 2023.
Numerous assets have demonstrated a positive price pattern during the last week, indicating that the bullish trend that has been present for the entirety of 2018 in the crypto currency market is still intact.
The information obtained from Tradingview.com suggests that the entire market is now trading with a market value of $1.001 trillion, and this figure represents a gain of around 25.78% from the beginning of 2023.