NFT Trader was attacked and millions of dollars in NFT were stolen.

NFT Trader recently fell victim to a severe cyberattack, resulting in the unauthorized acquisition of millions of dollars worth of nonfungible tokens (NFTs). The popular peer-to-peer trading platform got hacked by this incident, which happened on December 16. NFT Trader confirmed the event on X (formerly Twitter) and said that the attackers intentionally targeted older smart contracts. As a result, the platform asked users to cancel delegations to two addresses:0xc310e760778ecbca4c65b6c559874757a4c4ece0 and 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af.

The stolen NFT tokens include thirteen Mutant Ape Yacht Club tokens, thirty-seven Bored Ape tokens, as well as tokens for VeeFriends and World of Women. Revoke.Cash estimates that the total projected losses from this incident are nearly $3 million. Following the security breach, rumors and false information began spreading on different social media platforms, further complicating matters and adding to the incident’s confusion. Furthermore, the number of hackers that actively exploited the discovered security vulnerability is yet unknown.

Unexpectedly, one of the attackers acknowledged in a public communication that they originally started the hack to gather any remaining tokens. In the process, they discovered the potential to obtain NFTs. Despite acknowledging the significant value of the stolen NFT attacker maintained a stance of having no ownership interest in them and demanded a ransom to pay for their return.

Acknowledging a lack of technical expertise, the attacker proposed a novel solution: advising victims to return their NFT in exchange for 10% of Ether (ETH), currently valued at $2,165. The demand substantiated by arguing that retrieving all impacted NFTs simultaneously would be difficult, time-consuming, and energy-intensive.

A significant development occurred, adding complexity: a victim received 31 ETH (approximately $70,680) and an uncommon NFT. The recipient, caught in the confusion of the NFT Trader cyberattack, expressed surprise and sought clarification. Doubts arose about the truth of the situation.