The Azuki NFT project witnessed a loss of over $700,000 on the 27th of January after its twitter account was hijacked.
The hackers sent a phishing link that drained users’ accounts.
Compromised Social Media Account
This incident occurred when hackers hijacked the project’s Twitter account and posted a phishing link posed as a virtual experience invite link on the Azuki metaverse platform.
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Many users fell for this and clicked the phishing link getting their assets wiped out of their wallets.
The Azuki project is a decentralized platform that allows users to mint, buy, and sell unique digital assets, such as virtual land and collectibles, on the blockchain.
The concept of the NFTs were derived from an Anime theme.
The platform is built on the Ethereum network and has gained popularity and name in the crypto space.
The hackers gained access to the Azuki project’s Twitter account by posting an invitation link to the project’s metaverse which in reality was literally a wallet draining link and was used to steal user’s assets.
The hackers were able to steal a significant amount of cryptocurrency from unsuspecting users, resulting in the loss of over $700,000 worth of assets.
Team’s Response To This Incident
The team immediately took action and reported this incident to Twitter, who suspended the account immediately.
The team also warmed the community about clicking on any link posted on that account till an official announcement from that project.
They also urged users to be vigilant and cautious of any suspicious activity on their own accounts.
The Azuki team is working with the authorities and security experts to investigate the incident and to track down the hackers and the missing funds.
The team is also working to improve the platform’s security measures to prevent similar incidents in the future.
In response to the incident, the Azuki community has been supportive, recognizing that security breaches are a common reality in the crypto space.
The team has reassured the community that they will work to lessen the impact of the incident and to ensure that users’ assets are protected.
This incident serves as a reminder of the importance of security in the crypto space, and the need for users to be vigilant and cautious when dealing with digital assets.
It also stresses the importance of decentralized platforms, which provide heightened security for users.