These days, the crypto industry and its individuals are in a very bad situation, as several Web3 creators and NFT collectors have been falling victim to exploits or different phishing attacks. Today on the 26th of January, a hack happened again, whose victim was the co-founder of Moonbirds creator Proof Kevin Rose. According to the co-founder of Proof, his Ethereum wallet was hacked after valuable assets were swiped, which resulted in losing more than $1 million worth of NFTs.
In this waller hack, Kevin Rose lost 40 NFTs from his krovault.eth wallet, which includes 25 Chromie Squiggles from the Art Blocks project and a valuable Autoglyphs NFT from official CryptoPunks creator Larva Labs. When different speculation began circulating on Twitter regarding this hack, Kevin took on Twitter and confirmed this crypto wallet hack. In the tweet, Kevin wrote that he was just hacked, stay tuned for details. Please avoid buying any Squiggles until we get them flagged (just lost 25) + some other NFTs (an Autoglyph), Kevin added.
According to the public wallet data displayed through the OpenSea marketplace, Kevin apparently started transferring some of his most valuable NFTs out of the krovault.eth wallet and into another wallet just after the attack ceased. In this transfer, Kevin moved CryptoPunks and works by XCOPY, a pseudonymous artist. And these stolen NFTs have since been flagged by OpenSea, which means that they cannot be sold on that particular marketplace currently. But it doesn’t mean that at all that limit the ability to transfer the NFTs or try to sell them through another platform.
The attacker, who hacked Kevin Rose’s Ethereum wallet, swiped at least a million dollars worth of NFTs, based on the current floor price from the most notable collections. And from these NFTs, some may be valued much higher than the floor price. The krovault.eth wallet of Kevin is supposed to be his vault for locking down his high-value assets. Kevin may have connected the wallet to OpenSea due to which he fell victim to an attack.