This number was reported by blockchain intelligence reporting platform TRMLabs on July 25, 2022. According to the report, phishing attacks related to forging scams by infecting Discord accounts to deploy NFTs by infecting Discord accounts increased by 55% in June compared to the previous month. On one day in June, at least 10 NFTDiscord channels were hacked, including the well-known channel BoredApeYachtClub (BAYC). On June 4, the club suffered several attacks.
According to TRMLabs, since May 2022, the NFT industry has lost about 22 million US dollars.
Fraudsters use sophisticated social engineering to pose as administrators or use bot exploits, TRMLabs said. Under certain conditions, the attacker was able to update the admin settings to strictly prohibit Discord moderators from influencing their operations.
Here's how a liar tries to seduce Example of a Discord channel member clicking on a malicious link.
For example, when YugaLabs Social Manager`s Verified Discord account was compromised, the hacker already had valuable NFT customers promoting [BAYC, MAYC, and Otherside Exclusive" giveaways.
Potential buyers don't know that ETH transactions also corrupt their wallets, and add a wallet "setApprovalForAll" or similar enablement to their wallets. This allows attackers to destroy their overall NFT holdings.
TRM`s internal investigations unit traced the price at which NFTs from the stolen division YugaLabs were transferred to a marketplace where they were sold for ETH. They found that thieves were diverting most of the proceeds to Tornado cash to prevent captivity.
