Hacker tastes own medicine as community gets back stolen NFTs


Related articles

The tales of merchants getting scammed out of their nonfungible tokens (NFTs)  have been fairly frequent on the peak of the NFT growth. Nevertheless, in an fascinating flip of occasions, the Solana group got here collectively to “rip-off” a scammer to be able to get again some stolen NFTs.

It began with the Discord channel hack of cross-chain gaming improvement studio Uncharted NFT, the place scammers managed to empty out 109 person wallets. The scammers bought away with 150+ SOL tokens and 25 World of Solana (WOS) NFTs, together with three uncommon and extremely helpful digital collectibles.

WOS is a set of two,222 distinctive heroines with the most costly avatar at present listed for 123 SOL ($5,600). The present flooring worth of the gathering is 2.03 SOL.

Within the aftermath of the hack, the group determined to get again the stolen NFTs. The WOS group bought in contact with their dev companion who goes by the Twitter title “Cyberfrog” and raised royalties on stolen NFTs 98% from the default 5%.

Related: Nifty News: Solana NFT sales pass $1.6B, wash trading on LooksRare and more

The group was requested to keep watch over the Solana NFT market MagicEden for any new listings. The scammer fell for the entice inside two days, and the group managed to purchase again 15 NFTs, whereas the opposite 10 have been sniped.

Sniping is a means of ready till the previous few seconds of an NFT public sale to be able to make a profitable bid. This technique is used to forestall different NFT bidders from inserting the next bid earlier than the public sale ends.

The group managed to retrieve the opposite 10 sniped NFTs as properly and return the 25 WOS NFTs to the rightful proprietor.

The Twitter thread detailing the occasions of the hack and the group work to get all of it again additionally requested group members to “all the time use a burner pockets and watch out when minting.” The small NFT group has managed to get again at scammers twice now.