Beeple’s Twitter account has been hacked to broadcast a phishing link to steal funds
Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real partnership between Beeple and the Luxury Fashion brand.
Digital artist and popular NFT creator Mike Windlemann known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam.
Harry Deniey, a Security Analyst at MetaMask, warned users that Beeple's tweets at the time including a link to a rame of a Louis Vuitton NFT collaboration were a phishing scam that would exhaust the crypto out of user's wallets if clicked.
Beeple's Twitter account has been compromised (ATO) to post a phishing website to steal funds.— harry.eth (whg.eth) (@sniko_) May 22, 2022
The scammers were likely looking to capitalize on a real recent collaboration between Beeple and Louis Vuitton earlier in May, Beeple created 30 NFTs for the Luxury fashion brand's "Louis The Game" mobile game which was embedded as rewards to players.
The scammer continued to post phishing links from Beeple's Twitter account leading to fake Beeple collections, Luring in unsuspecting users with the promise of a free mint for unique NFTs.
At time of this tweet, they have scammed 25ETH / ~$50k— harry.eth (whg.eth) (@sniko_) May 22, 2022
It is unclear how the ATO happened.
The phishing links were tips on Beeple's Twitter for around five hours and an on-chain analysis of one of the scammers' wallets shows the first phishing connection scored them 36 Ethereum (ETH) worth approx $73,000 at the time.
The second link netted the scammers approx $365,000 worth of ETH and NFTs from high-value collections like the Mutant Ape Yacht Club, Veefreiends, and other deeds amongst others bringing the total value stolen from the scam to approx $438,000
Onchain, data shows the scammer selling the NFTs on OpenSea and putting their stolen ETH into a crypto mixer in an attempt to launder the gains.
Beeple later tweeted that he had regained control of his account and added to remind his followers that "anything too good to be true is an A F*CKING SCAM.”
ugh we’ll that was fun way to wake up.— beeple (@beeple) May 22, 2022
Twitter was hacked but we have control now. Huge thanks to @garyvee ‘a team for quick help!!!!
Beeple has created three of the top ten most expensive NFTs sold to date including one which sold for $69.3 million, the most expensive ever sold to a stole owner. This attention has made him a target for hacks.
In November 2021, an admin account on Beeple's Discord was hacked with scammers there also promoting a similarly fake NFT drop which resulted in users losing approx 38 ETH.
Cybersecurity firm Malwarebytes released a report which highlighted a rise in phishing attempts as scammers try to cash in on NFT hype. The firm noted the use of fraudulent websites depicted as legitimate platforms is the most common tactic used by scammers.