Another NFT Theft: Victim Lost 29 Moonbird NFTs Valued at $1.5 Million

A NFTs holder lost 29 of his Moonbirds NFTs Collection earlier this week. The phishing attack occurred just a few days after Beeple’s attack. In the previous one, Beeple’s Twitter account was hacked, and those who clicked the pasted links lost their funds. The hackers raked in cryptos  and NFTs worth $438K from victims.

29 Moonbirds NFTs Lost Via Phishing Link

According to the report, the two phishing attempts were done in a similar pattern.  The victim identified as Cirrus tweeted that he lost his Moonbirds NFTs via a link posted by fraudsters. He added that he clicked the malicious link ignorantly and his NFTs were gone a moment later. He concluded that the stolen 29 Moonbirds NFTs were worth about $1.5 million.

Furthermore, Andeh, an NFT enthusiast on Twitter said that the fraudulent act was carried out via P2P transactions. He added in his tweet that he has reached out to the victim and they had a private discussion. He continued that he was able to track down the address that the fraudster used.

Commenting on the act, Andeh concluded that the attacker is an expert who has surely participated in other attacks before. Till the time of publishing, the number of victims involved in the attack is yet unknown. More so, there is no official statement from the NFT platform yet.

Moonbirds NFTs Holder’s Intellectual Property Rights

The Moonbirds NFT Collection is built on Ethereum and has over 10, 000 profile photos. The pictured owl character of the NFTs is of various worth and components. It is similar to the popular Mutant Apes as well as other NFT projects currently on crypto marketplaces. 

Just like in a typical NFT community, Moonbirds holders possess exclusive intellectual rights to their NFTs. This allows them to use their NFT photos to create goods, merchandise, services, etc. Moreso, holders can stake their NFTs owls for rewards and they also enjoy free entry to the PROOF Collective community.

The Moonbirds’ PROOF Collective is a NFT-based private community. It was created for the benefit of Moonbirds holders only, by Kevin Rose who is an NFT technician.

Recently, at a Dutch Auction hosted in December last year, PROOF released about 1000 access pass NFTs. The offering prices for each NFTs started at 5 ETH. Afterwards, their values have increased significantly from $5k to $47k according to the latest price chart. Reports revealed that PROOF is planning to produce more NFTs and also to  organize a NFT conference next year, 2023).

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