Posted 3/27/2024, 11:01:02 AM
Bitcoin Developer Loses $300K+ in Hot Wallet Hack via Fake NFT Giveaway
- Hackers drained $300k+ from Bitcoin developer Archon's hot wallet by exploiting a fake NFT giveaway link
- Attack targeted Archon's personal wallet after he connected to a phishing site imitating Magic Eden
- Thieves stole 1.47 BTC plus 4 BTC worth of popular Ordinal NFTs Archon owned
- Incident highlights risks of hot wallets and need for vigilance even among seasoned crypto veterans
- Cottage industry rushing to support hot new NFT projects may lack security maturity of established wallets like MetaMask