NFT Registration Platform Premint Hacked, 320 NFTs And $400K Worth ETH Stolen
- NFT registration platform Premint has been hacked and more than 300 NFTs have been stolen
- The hackers also made off with $400,000 worth of Ether (ETH) tokens
The weekend was not a good period for the users of the NFT registration platform Premint as hackers made away with more than 300 non-fungible tokens and Ether (ETH) worth $400,000. This makes the incident one of the biggest hacks of 2022.
Additionally, the pop-up asked users to verify their wallets as an additional measure of security, which was soon realized to be an illigimate feature by the users of the Premint platform. Hence, these users took to Twitter and Discord to warn others not to follow its instructions, which caused widespread panic in the NFT community.
However, within minutes of deplayment of the malicious code, hackers were able to dupe several Premint customers, snatching away their funds from their wallets.
The NFTs stolen include popular collections like Bored Ape Yacht Club, Otherside, Moonbirds Oddities, and Goblintown. Moreover, after gaining access to these tokens, the hackers immediately went to OpenSea to cash in their stolen treasure.
One of the stolen NFTs, a BAYC, sold for about 89 ETH, or around $133,000. Additionally, over the weekend, the hackers were able to cash in everything they stole including 275 ETH, or just over $400,000, in sales of all 320 stolen NFTs.
The funds were sent into Tornado Cash, a crypto mixer, which is capable of mixing cryptocurrencies from different sources so that no trail can be found of any cryptocurrency. Mixing services are continuously used by hackers to clean their funds by washing them via mixers.
Finally, Premint took to Twitter to acknowledge the hack and added that it “will continue to collect information and will update the community with information” as they get it.
The NFT registration firm is not the only one to be hacked this month. NFT finance platform OMNI was attacked earlier this month, leading to a loss of 1,300 Ether (ETH), worth around $1.4 million at the time of the exploit.