Home News Hackers stole $1.3M from Monkey Kingdom

Hackers stole $1.3M from Monkey Kingdom

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The attackers hacked the Discord account of the Monkey Kingdom non-fungible token (NFT) project administrator and posted a phishing link in a group chat before the start of sales. Thus, users lost 7056 SOL (about $1.3 million).

Moreover, representatives of Monkey Kingdom said that the hacking occurred due to security flaws in Grape. The latter is a Solana user identification solution used by most NFT projects.

They also promised to compensate the stolen funds and asked to tell the community about receiving a refund.

2222 NFT in the form of pixel monkeys in different outfits

Launched on November 27, the Asian project Monkey Kingdom contains 2222 NFT in the form of pixel monkeys in different outfits.

Earlier, the Fractal NFT platform faced a similar hack. The attackers also published a phishing link in its Discord channel. Users lost about 800 SOL (almost $150,000). The project promised to reimburse the stolen funds.

According to Crystal Blockchain, over 10 years, the cumulative damage to cryptocurrency platforms and their users from the actions of hackers and scammers exceeded $12 billion.

76 hacking cases in 2021

From January 2011 to December 2021, experts recorded 226 incidents. Furthermore, the anti-record holder was 2021 – 76 cases ($4.25 billion). The greatest damage was caused to projects from the USA, Great Britain, South Korea, Japan and China. In addition, the sample includes projects from 43 countries.

The most common methods were: bypassing the security system of exchanges (120), hacking decentralized finance (DeFi) protocols (73) and fraudulent schemes (33). In value terms, the losses amounted to $3.18 billion, $1.76 billion and $7.12 billion, respectively.

Recall that previously in November, the attackers forged the popular MetaMask and Phantom wallets, using Google ads to spread phishing links. The design of the fraudulent pages was similar to that of the official wallet website. But the applications installed from them were used to steal cryptocurrency.

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