NFT Artist Beeple's Twitter Hack Leads to Scam of $438K in Crypto And NFTs

Bishal Kumar Chanda
23.05.2022

Digital artist and popular NFT creator Beeple's Twitter account got hacked on Sunday as part of a phishing scam. 

Targeted Phishing Scams Using Beeple's Hacked Account

Beeple and Harry Denley, a security analyst of MetaMask, alerted people about the phishing link tweeted by Beeple's account. Furthermore, it was a phishing scam that would drain crypto out of a user's crypto wallet if clicked. 

Scammers post phishing links after hacking Beeple's Twitter account.

Moreover, the tweet shared a link to a dodgy website for a Beeple and Louis Vuitton collaboration raffle. However, when someone clicked on the link, one Ethereum was automatically drained from their wallets. 

The scammers were likely looking to capitalize on the recent collaboration between Beeble and the luxury fashion brand Louis Vuitton. In fact, Beeple designed 30 NFTs for the brand's mobile game, Louis The Game, earlier this month. Also, Beeple's NFTs were put up as rewards for players. 

The phishing links were up on Beeple's Twitter for around five hours. Furthermore, an on-chain analysis of one of the scammer's wallets revealed the first phishing link got them 36 ETH (about $73,000). 

Meanwhile, the second phishing link got the scammers about $365,000 worth of ETH and many NFTs. Furthermore, the stolen assets include NFTs from high-valued collections such as Mutant Ape Yacht Club, VeeFriends, and Otherdeeds. As a result, bringing the total value stolen to around $438,000.

According to on-chain data, the scammers are trying to sell the stolen NFTs on OpenSea. In addition, they have also put their stolen ETH into a crypto mixer to launder their gains. 

Beeple announced recovering his hacked Twitter account.

Beeple later tweeted that he had regained control over his account, and it's back to normal. Also, he added a reminder for his followers, "Stay safe out there, anything too good to be true IS A FUCKING SCAM."

Famous NFT Artist Beeple Becomes a Target of Hackers

Beeple, real name Mike Winkelmann, has created three of the top ten most expensive NFTs sold to date, including the one that sold for $69.3 million. However, his popularity has made him a target for hacks. In November 2021, hackers got hold of an admin account on Beeple's Discord. In fact, scammers were also there promoting fake NFT drops, causing a loss of around 38 ETH. 

However, Beeple is not the only target of these hackers and scammers. Earlier this month, Malwarebytes reported a rise in phishing attempts by scammers trying to cash in on the NFT hype. Also, it said fraudulent websites disguised as legitimate ones are the most common method scammers use. In fact, last month, Bored Ape Yacht Club's Instagram account got compromised, leading to a loss of over $2.8 million. 

To stay safe from such NFT scams, check out our Complete NFT Scam Guide.

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