By Nathan Ferguson
Aethur_0x, the founder of a prominent crypto investment company named DeFinance, has undergone a hack targeting one of the hot wallets thereof in which $1.6 million worth in crypto and NFTs (non–fungible tokens) have been stolen. While expressing remarkable support, the crypto community stepped ahead to assist in retrieving back the stolen products as he requested to get the wallet of the hacker blacklisted.
Many people on the social media platform Twitter have tried to detect the exact address of the hacker and how did the hack take place along with the place where the access was gained by the hacker to the wallets. Cirrus – a member of the NFT community – even purchased a couple of the stolen NFTs along with the determination that they would be returned to Arthur without any profit. Cirrus stated that by returning the respective products without having profit as is the case with the rest of the people, the objective would be to assist Arthur.
In addition to this, Cirrus mentioned that this does not count to be the earliest instance of such a situation. In the words of Cirrus, they could sell them conveniently by having a profit of 6 to 8 ETH however that would not be good ethically. That profile thereof indicates that he has undergone three rug pulls earlier, that is why he was sympathetic towards him. While sharing the Twitter post he was excited to express that a couple of his bids have been accepted for the hacked NFTs.
A rug pull is a situation in which an NFT or crypto project at once shuts down and a significant downfall is witnessed in the value of the respective tokens without any warning beforehand. Most of the time, these cases confirm to be scams. Cumulatively, Arthur seems to have been deprived of 78 diverse NFTs out of 5 collections of which most are Azuki’s. 68 WETH (Wrapped Ether) have also been lost by him along with 1,578 LOOKS (LooksRare), and 4, 349 stkDYDX (Staked DYDX) tokens.
The hacker shifted the assets and subsequently placed all the NFTs for bid over the NFT marketplace OpenSea. Up till now, nearly 545 ETH worth is present in the wallet of the hacker. Arthur moved on to say that mobile phone-based hot wallets do not have sufficient security.