Bill Murray loses nearly $200,000 in cryptocurrency to hacker

Bill Murray loses nearly 0,000 in cryptocurrency to hacker

Bill Murray is the latest celebrity to be targeted by crypto thieves.

The criminals stole 119.2 ETH (approximately $185,000) that the actor collected during an NFT charity auction. Anonymous hackers also attempted to steal non-fungible tokens from Murray’s personal pool, which includes two CryptoPunk NFTs, According to Coindesk.

CryptoPunks are among the most sought after NFTs and their price can range from $77,600 to $1.2 million in ether, According to GoBankingRates.

The “Groundhog Day” star’s virtual wallet security team, NFT Project Venkman consultancy firm, has been able to protect its NFTs. However, they were unable to protect the money raised for charity. It can be difficult to retrieve them because cryptocurrency transactions are usually irreversible.

Murray’s team says they have filed a police report and are working with crypto-analytics firm Chainalysis to identify the thief.

Although Murray’s charitable trusts look like that Another Coinbase user donated $187,500 worth of ether to Chive Charities, the non-profit organization Murray was raising money for, to replace the stolen funds.

Scammers target anyone they think they can get money from

Murray far from The only celebrities targeted for their expensive digital collectibles. In May, for example, Actor and Producer Seth Green lost four NFTs to the bored monkey For a phishing scam, which is when cyber-thieves steal users’ personal information by tricking them with fake links.

Like CryptoPunks, Bored Ape NFTs are among the most well-known non-fungible tokens and a common target of theft.

Since the launch of the Bored Ape Yacht Club collection in June 2021, a total of 143 Bored Ape NFTs worth approximately $13.6 million have been reported stolen as of August 2022, according to Immunefi, a Web3 security company.

Green paid nearly $300,000 to recover one of his stolen NFTs, Bored Ape #8398, which he plans to use in an animated series he is developing, According to Buzzfeed News.

While cryptocurrency scams involving celebrities tend to be the most notorious, they are certainly not the most common, says Chen Arad, chief operating officer of Solidus Labs, a company that provides services like trade monitoring, transaction monitoring and threat intelligence to some. . One of the biggest exchanges.

“Scammers don’t discriminate and target anyone they think they can get money from, from celebrities to royalty to ordinary people,” he told CNBC Make It.

However, cybercriminals tend to stalk celebrities in particular because it “adds quite a bit of buzz” and attracts more attention, Arad explains. “Celebrities are also seen as, and often are, wealthy, which makes them a great target,” he says. “Celebrities deal with a large number of offers/suggestions which could mean less time to properly review and assess their legitimacy.”

How to protect NFTs, crypto, and other digital investments

Although theft and fraud are not unique to the cryptocurrency market, there are high rates of illicit activity in the crypto space because “new technology is still being tested and it takes time for security holes to be discovered and addressed,” Arad says.

If you are interested in buying in NFT, there are a number of ways to protect your investment.

OpenSea, the most popular and largest NFT marketplace, Recommends the implementation of various security measures Including using two-factor authentication and a physical hardware wallet, in addition to your digital wallet.

In addition, be careful not to give out your personal and financial information to people you have not met before. A seemingly random text from an unknown number could be an attempt to lure you into a “pig slaughter” scam, the latest scheme that has cost cryptocurrency investors millions.

It is important to note that NFT, like cryptocurrency, is subject to unexpected fluctuations in value. There is no guarantee that you will be able to make a profit from your investment, which is why experts advise against spending more on cryptocurrency, NFT or other speculative investments than you can afford to lose.

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