Hacker steals $1.7 million in NFTs from DeFiance Capital founder Cheong

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Hacker steals $1.7 million in NFTs from DeFiance Capital founder Cheong
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ICYMI: Hacker steals $1.7 million in NFTs from DeFiance Capital founder Cheong

a 'spear phishing' email to deploy malware on his device, which extracted the seed phrase to his crypto wallet. He also shared a“Found out the likely root cause for the exploit; it’s a targeted social engineering attack.

Received a spear-phishing email that really seems to be sent by one of our [portfolio companies] with content that seems like general industry-relevant content,” CheongThis is not the first time hackers have successfully stolen valuable NFTs from a high-profile investor. In one incident in January 2022, a New York based NFT collector named Kramer said that someone had hacked their wallet and© 2022 The Block Crypto, Inc. All Rights Reserved.

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