Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/vevediscordhackedtwice.php}} {{Unattributed Sources}} Veve HomepageVeVe is a platform for premium digital collectibles, comics, and artworks available in limited edition releases. They have introduced the $VEVE ERC20 token, allowing users to purchase exclusive NFT drops, stake $VEVE for an 8% APY, and facilitating the transition from $OMI to ERC20. There were two security..."

2023-10-16T17:26:45Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/vevediscordhackedtwice.php}} {{Unattributed Sources}} thumb|Veve HomepageVeVe is a platform for premium digital collectibles, comics, and artworks available in limited edition releases. They have introduced the $VEVE ERC20 token, allowing users to purchase exclusive NFT drops, stake $VEVE for an 8% APY, and facilitating the transition from $OMI to ERC20. There were two security..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/vevediscordhackedtwice.php}}
{{Unattributed Sources}}

[[File:Veveme.jpg|thumb|Veve Homepage]]VeVe is a platform for premium digital collectibles, comics, and artworks available in limited edition releases. They have introduced the $VEVE ERC20 token, allowing users to purchase exclusive NFT drops, stake $VEVE for an 8% APY, and facilitating the transition from $OMI to ERC20. There were two security breaches in VeVe's Discord server where some users were scammed. VeVe did not refund the victims. Users are advised to exercise caution.

This is a global/international case not involving a specific country.<ref name="nftherdertwitter-11948" /><ref name="yugalabstwitter-11892" /><ref name="mrjeanmelontwitterarchive-11949" /><ref name="veve-11950" /><ref name="reddit-11951" /><ref name="redditold-11952" /><ref name="etherscan-11953" /><ref name="redditold-11954" /><ref name="veveofficialtwitter-11955" />

== About VeVe ==
"Welcome to VeVe Where the world collects Start your digital collection today! Step into VeVe and be part of the next evolution in collecting. VeVe is the world’s home of premium digital collectibles, comics and art works - all available in limited edition releases."

"Hey everyone we have some exciting news!

We are launching $VEVE, our ERC20 token. With the $VEVE token you will be able to buy exclusive NFT drops, stake your $VEVE for 8% APY, and it will be pivotal for the $OMI to ERC20 transition.

You can exchange for $VEVE at https://vevetoken.me/ !"

"Only 15 minutes in and you guys are going crazy! If you are not familiar, we suggest using metamask to buy your $VEVE.

https://vevetoken.me/"

"These also never refunded the ppl that got scammed because their discord server got breached twice.."

"As long as your wallet isnt connected and you didn’t hit exchange you should be safe. Feel bad for all of the gullible people out there, that sucks. Veve discord needs to step up their admin security big time"

"Because VeVe was compromised in the same way shortly after the first. In both cases they refused to refund victims.
VeVe joined me on a space were i critized them for this practise because that week they made 9m on a deadpool nft drop if I remember correctly
Would’ve been easy for them to refund their victims because the total of the teo breaches was less than 40 eth I think"

"VeVe makes a lot of money in the short term but it's a bad move for the long term"

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - VeVe Discord Hacked Twice
!Date
!Event
!Description
|-
|December 17th, 2021 4:45:56 AM MST
|Reddit Post
|The breach is shared on Reddit.
|}

== Technical Details ==
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

== Total Amount Lost ==
The total amount lost has been estimated at $155,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="nftherdertwitter-11948">[https://twitter.com/NFTherder/status/1530984425856847873 @NFTherder Twitter] (Nov 24, 2022)</ref>

<ref name="yugalabstwitter-11892">[https://twitter.com/yugalabs/status/1549157338665336839 @yugalabs Twitter] (Sep 20, 2023)</ref>

<ref name="mrjeanmelontwitterarchive-11949">[https://web.archive.org/web/20220529062416/https://twitter.com/MrJeanMelon/status/1530797011724816385 @MrJeanMelon Twitter] (Sep 20, 2023)</ref>

<ref name="veve-11950">[https://www.veve.me/ VeVe Digital Collectibles] (Sep 20, 2023)</ref>

<ref name="reddit-11951">[https://www.reddit.com/r/OMIllionaires/comments/rih1qz/veve_discord_hacked_beware_dont_click_the_links/ Reddit - Dive into anything] (Sep 20, 2023)</ref>

<ref name="redditold-11952">[https://old.reddit.com/r/ecomi/comments/rifp2y/beware_looks_like_noah_got_hacked_on_discord_dont/ BEWARE! Looks like Noah got hacked on Discord. Don’t click the link for any transfers. : ecomi] (Sep 20, 2023)</ref>

<ref name="etherscan-11953">[https://etherscan.io/address/0x7baF27070c420292CCDb45FD41a641fE98C3d288 Address 0x7baF27070c420292CCDb45FD41a641fE98C3d288 | Etherscan] (Sep 20, 2023)</ref>

<ref name="redditold-11954">[https://old.reddit.com/r/ecomi/comments/rifp2y/beware_looks_like_noah_got_hacked_on_discord_dont/howv884/ MazarxSkunk comments on BEWARE! Looks like Noah got hacked on Discord. Don’t click the link for any transfers.] (Sep 20, 2023)</ref>

<ref name="veveofficialtwitter-11955">[https://twitter.com/veve_official/status/1471835233456582659 @veve_official Twitter] (Sep 22, 2023)</ref></references>

VeVe Discord Hacked Twice - Revision history