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Blockchain Detective Pinpoints Scammers Responsible For Beeple Hack

The famous blockchain NFT security detective, ZachXBT, has found the scammers responsible for the recent Beeple hack in May. This hack resulted in a phishing scam raising over $450 thousand for the scammers. Significantly, Beeple’s Discord was also under attack yesterday. Apparently, the links for his Discord redirect fans and followers to a copycat server that will drain NFTs and tokens from those who interact with it. The attacks on Beeple are the latest example of high-profile individuals being targeted to scam their followers.

Beeple hackers stole over $450 thousand!

Beeple is one of the most famous NFT artists in the world and has a substantial online following, both in the NFT world and the broader art community.

In May, he tweeted an announcement about an upcoming collaboration with Louis Vuitton, along with a website link. In this tweet, he told his 700 thousand followers that this was a raffle, with a 1 ETH entry fee. Significantly, Beeple also stated that losing entries would be refunded, making it a win-win situation.

However, there was a huge problem. This was not Beeple tweeting. It was an elaborate hack. Scammers had managed to get hold of Beeple’s Twitter account and posted fake news alongside a link, which led to a phishing site. Because of the artist’s popularity and the value of his NFTs, many people rushed to enter and clicked on the link.

Within hours, Beeple recovered his account, but unfortunately, over $450 thousand (225 ETH) was stolen from people in that short period.

ZachXBT investigates massive Beeple hack

ZachXBT is a pillar of the NFT community. He is a self-proclaimed on-chain sleuth who dedicates his free time to finding hackers and scammers on the blockchain. Since NFTs have exploded in popularity, scammers have been trying to exploit any vulnerabilities. People like ZachXBT are at the front line, attempting to stop this from happening.

In the case of the Beeple hack, Zach has identified three people he believes are responsible for the attack. In a tweet this afternoon, he said, “Time for an investigation into the @beeple Twitter hack which resulted in $450k+ stolen, where those funds are now, and tracking down the three people responsible.”

ZachXBT has traced the majority of the funds stolen in the Beeple hack.

So, who is responsible for the Beeple hack?

ZachXBT has identified Cam Redman, Two1/Youssef, and another person called @bandage on Twitter but also goes by ShinePranked or Shayan. 

So how did this happen? According to ZachXBT, Cam Redman sold Twitter panel access to Two1/Youssef and @Bandage. Two1/Youssef and @Bandage then used the access to Tweet phishing links from Beeple’s official verified account.

He could identify Cam due to previous investigations in which he discovered that Cam was selling panel access to scammers. This allows them to take over a person’s Twitter account and perform scams.

Notably, ZachXBT also identified Cam as early as February 2020 as a suspicious person. Apparently, they SIM swapped $37 million worth of Bitcoin & Bitcoin Cash from one unlucky individual.

Scammers use crypto tumbler Tornado Cash to hide funds

In the hours following the scam, the two attackers, 0xF305F6073CFa24f05FF15CA5b387DD91f871b983 and 0xcad7fc974F61A08ADEF110D1BA446fa5b5B5Bb27 began to funnel money into Tornado Cash. They sent over 100 ETH to Tornado, and then sent it from there to another account, 0x2Fc55F49783Caf72628eb3fe0380671ed9A57684.

This cryptocurrency tumbler acts as a coin mixer, allowing individuals to break the links between on-chain transactions and enhance transaction privacy.

However, it is extremely popular with scammers and individuals attempting to delete the trail of their actions. Unfortunately for scammers, there is always a trail to follow.

 ZachXBT identified the 0x2F address as Two1/Youssef because they sent the ETH to another account, which Two1 – known on Twitter as @uwu – was tweeting images of back in June.

Although the attackers sent the stolen ETH across various accounts, ZACHXBT has managed to trace a large quantity of the stolen funds.

Yesterday Beeple tweeted this image of ZachXBT, honoring the blockchain detective.

What happens next?

Unfortunately, not much is possible right now. ZachXBT has reported the accounts involved in the Beeple hack and has logged a report on Chain Abuse. In addition, the accounts will most likely have a phishing warning attached to them.

If there is enough evidence, people affected by the hack can file a legal claim. For now, ZachXBT has identified the attackers by their aliases. Hopefully, this reminds people to use more caution in the NFT space and to remember the old phrase – If it’s too good to be true, it probably is.

Finally, in response to the investigation, Beeple created a unique art piece for ZachXBT. In the image is a towering figure of Zach’s pfp in a dystopian wasteland filled with rats.

Beeple also tweeted, “Massive thanks to @zachxbt for exposing these assholes. please remember to SLOW DOWN before acting in this space. especially when you are operating with a wallet full of stuff.”

The post Blockchain Detective Pinpoints Scammers Responsible For Beeple Hack appeared first on NFT Evening.

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Jenkins The Valet Announces A Gamified NFT And We’re Excited!

BAYC steward Jenkins The Valet is debuting dynamic NFTs alongside the introduction of his upcoming podcast. The podcast aims to create a token-gated community experience. It combines gamification with world-class storytelling/audio production. This marks a new way to experience podcasts and storytelling. Read on to learn more about the upcoming gamified NFTs with this unique podcast!

What’s Special About Jenkins The Valet’s NFTs?

On November 27th, Jenkins The Valet announced his upcoming fiction podcast on Twitter. A few hours after the announcement, he also announced a “dynamic, gamified” NFT collection alongside the same. The NFTs, Jenkins states, will allow listeners to engage with the podcast on a much deeper level. Jenkins also claims that the series will allow listeners to play against each other and showcase their progress as the podcast continues.

In the Twitter thread announcing the NFT collection, he also mentions that after listening to each of the episodes, all listeners will gain a dedicated NFT. This NFT carries over to a special podcast-based website. On connecting their wallet to this website and verifying that they hold the NFT, listeners will then be presented with an audio puzzle relating to that particular episode. NFT holders will get a chance to answer certain quiz questions pertaining to the episodes. The correct answers will be revealed once the submission period is over.

Listeners who guess the correct answers will see their NFTs reflect their scores! The dynamically designed NFTs update themselves accordingly to showcase the correct answers. Furthermore, they will earn extra points based on how quickly they answered the questions. Moreover, they can also check their ranks on a leaderboard for the same! Different levels on the leaderboard will reflect differently curated prizes. Users are also free to buy, sell, or trade their podcast NFTs at any time during the series.

“Each audio puzzle will be a collaboration between a team of professional puzzle makers and our partners at SALT. We’re excited about the intersection between storytelling and token-gated gamification and look forward to pioneering this trend with the Writer’s Room!.” stated Jenkins, on the Twitter thread.

The post Jenkins The Valet Announces A Gamified NFT And We’re Excited! appeared first on NFT Evening.

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Bitci Defends Its Brazilian Football NFTs

In June of last year NFT platform, Bitci struck up a deal with the Brazilian Football Confederation (CBF). The CBF chose the blockchain platform to mint the official NFT tokens of Brazil’s national football team, which launched (BFT).

A report from a Brazilian sports business outlet claimed the CBF had terminated the agreement after a series of delayed payments over several months from the crypto firm.

The validity of these accusations, can not be confirmed. However, Bitci was not showcased on the sponsors’ backdrop when Brazil’s squad was announced for the 2022 Fifa World Cup earlier this month.

On November 23rd, Bitci released a public statement on Twitter to address the allegations.

Dear users,

This mandatory public statement is about the manipulation targeting Bitci, its investors and business partners from Twitter last night.

You can click the link below for a detailed explanation. https://t.co/6qoX5LtPi8

— Bitci Global (@bitcicomglobal) November 23, 2022

The Turkish NFT firm said: ‘The contracts between the Brazilian national team and Bitci are valid and in force. There has been no notice of termination to Bitci.’ The Crypto firm went on to hammer that their NFTs would still be valid, even if the sponsorship deal had been terminated. ‘Even if the sponsorship agreement somehow ends, this does not change the reality that BFT is the legitimate and only Brazilian national team fan token,’ the company added.

Learn more >> The Ultimate NFT Guide

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

 

 

The post Bitci Defends Its Brazilian Football NFTs appeared first on NFT Plazas.

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Beeple Will Not Drop NFTs On Solana: Metaplex Apologizes

Solana NFT standard creators Metaplex CEO Stephen Hayes has issued apologies for a miscommunicated tweet involving Beeple. Metaplex initial tweet announced Beeple NFTs coming to the Solana blockchain. Since then, Beeple corrected the tweet stating “nothing was set or remotely agreed upon” among both parties. Read on to learn more about the exchange.

Wen Beeple NFTs On Solana?

At Solanas Breakpoint event this year, Metaplex CEO Stephen Hayes “accidentally” announced a Beeple launch on the Solana blockchain, in partnership with the Render Network. This was then disputed by Beeple stating that there had been no agreement between either parties surrounding a Beeple collection on Solana.

Stephen then went on to apologize to Beeple on Twitter later on. He stated on Twitter, “I’m here to offer my sincere apologies. It was the result of a miscommunication between the organizations involved, but these were my words in the keynote, so I should have confirmed that agreement, directly with you, was announced.” Furthermore, Hayes also apologized to fans and the community for causing further confusion.

Around this time, Jules Urbach a developer on the decentralized computing platform Render Network had also tweeted similar statements. He asked for the community to wait for the special “first look at something amazing” that they were building with Beeple. Since then, no further comments or statements have been put forward by either parties.

About Render Network

The Render Network is a unique blockchain project. The network allows people to contribute unused GPU power to help projects render motion graphics and visual effects. Render greatly simplifies the standard processes of rendering and streaming 3D environments. For using the network, users get RNDR tokens as a reward. The Render Network is one-of-a-kind building block for the future of the graphics industry.

The post Beeple Will Not Drop NFTs On Solana: Metaplex Apologizes appeared first on NFT Evening.

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