$176 000 USD

NOVEMBER 2021

GLOBAL

NONE

DESCRIPTION OF EVENTS

Beeple (also known as Mike Winkelmann) was a well known artist and NFT creator from South Carolina who has been working on digital art since May 1st, 2007, with his first debut into the NFT space in February 2021. He has created three of the top ten most expensive NFTs sold to date. One of those, his "first 5,000 days", where he created a new NFT photo for 5,000 days straight, sold for over $69 million, the most expensive NFT ever sold to a sole owner.

 

"@Verified It's Minting Season! 155 LIMITED EDITION mints have become available for 0.15 ETH each for our latest project! Can we sell out in 5 minutes? (Max mints per person = 20)"

 

"An administrative account for Beeple’s official Discord group was compromised overnight, resulting in a fake nonfungible token (NFT) drop that saw users lose an estimated 38 Ether."

 

"Popular digital artist Beeple whose artwork was sold as an NFT for a whopping $69 million is all set to launch his second auction on Nifty. However, right before the auction date, the official Discord channel of the artist has been compromised overnight. The hackers then posted a fake NFT auction in the artist’s name coinciding with the next auction."

 

"Discord member “NFT Simon” told Cointelegraph he had his MetaMask wallet set up and was ready to pounce just in case."

 

"“When the post came up on the Official Beeple Discord, from the verified Beeple Bot and the verified Administrator with a link to a Nifty Gateway website I didn’t blink twice. I headed over and proceeded to mint as much and as fast as I could,” he said."

 

"NFT Simon nabbed six Beeple NFTs — or so he thought — but was unable to view them on his Nifty account. Back on Discord, he was dismayed to find the fake admin was writing in all caps."

 

“I was greeted to a multiple explicit Gifs of naked men coming from multiple users. It was clearly a scam and someone had hacked Beeple’s Discord.”

 

"An admin from Beeple’s Discord named “Multi” confirmed to the group on Wednesday that their account had been compromised despite having two-factor authentication. The perpetrator went on to impersonate Multi and the Beeple Announcements Bot to promote a fake NFT drop from Beeple on Nifty Gateway."

 

"After an hour or so, the original admin regained control of their login, and the chat turned to outing the hacker’s wallets and reporting them to Binance. “Then we all watched them slowly but surely cash out our money, it was all too late,” he said."

 

"Etherscan shows the alleged hacker’s wallet only has $9,121.54 remaining and that 25 ETH was moved abruptly. Users report more ETH was lost, however."

 

"“I still don’t own a Beeple. I know Beeple stood up for the community once when we crashed Makers Place, who knows how or if he will right things this time. I’d certainly prefer six Beeples over my ETH back,” said NFT Simon.

 

Beeple’s official account did not address the incident directly but posted a pinned message reading: “To everyone new, please know I will never be like HEY QUICK BUY THIS!!!!”

 

In response to the lack of communication, one user wrote that instead of a pinned message, a “calming and understanding announcement would make things easier to accept.”"

 

"Beeple has begun an investigation into the attack as it seeks to understand how the breach happened."

Renowned digital artist Beeple, known for his high-profile NFT sales, faced an incident where his official Discord group was compromised. The attackers used the compromised account to stage a fake NFT drop, causing users to lose an estimated 38 Ether. Despite the involvement of two-factor authentication, the compromised admin's account was impersonated to promote the fake NFT drop. Users who attempted to participate in the unauthorized sale lost funds, and the hacker's wallet reportedly cashed out some of the money. Beeple's official account, while not directly addressing the incident, emphasized that the artist would not hurriedly promote sales. An investigation is underway to understand the breach and address the situation.

Sources And Further Reading

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