A peer-to-peer trading platform called NFT Trader recently experienced a security breach, resulting in the theft of millions of dollars worth of nonfungible tokens (NFTs). The incident was confirmed by NFT Trader on X (formerly Twitter), who revealed that the attack targeted old smart contracts. Users were advised to revoke delegations to two specific addresses.

Among the stolen NFTs were various valuable tokens, including Mutant Ape Yacht Club, Bored Ape, VeeFriends, and World of Women NFTs. The total losses from the theft are estimated to be nearly $3 million, according to Revoke.cash.

Following the hack, there was a flurry of rumors and misinformation circulating on social media platforms. The exact number of hackers involved in the breach remains unclear. One of the attackers publicly attributed the original exploit to another user and demanded ransom payments in exchange for returning the stolen NFTs.

The attacker claimed to have limited technical skills and proposed that victims pay a 10% bounty in Ether (ETH) to retrieve their NFTs. They expressed frustration at the time and energy required to obtain all the affected NFTs. In an unexpected turn of events, one victim reported that the attacker returned a rare NFT along with a significant amount of ETH.

Overall, this incident highlights the ongoing security risks associated with the booming NFT market. It serves as a reminder for users to remain vigilant and take necessary precautions to protect their valuable digital assets.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	very negative
Relevance Score	1
People	J1mmy.eth
Companies	Revoke.cash, X (formerly Twitter), Ether (ETH), NFT Trader
Currencies	Ethereum
Securities	None