YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

LiveArtX Reports Compromised Wallet, Seven Treasures NFTs Slump

October 17, 2022
in NFT News
Reading Time: 2 mins read
A A
LiveArtX Reports Compromised Wallet, Seven Treasures NFTs Slump
ShareShareShareShareShare

You might also like

Can ETH Shanghai fork, NFT Surge, make Ethereum No. 1: Analysis

Can ETH Shanghai fork, NFT Surge, make Ethereum No. 1: Analysis

February 2, 2023
Coinbase NFT halts artist drops as trading volume tanks

Coinbase NFT halts artist drops as trading volume tanks

February 2, 2023

Non-fungible token (NFT) platform LiveArtX is reporting that one of its wallets has been compromised in what appears to be the latest crypto heist.

Details are thin on the ground at the moment, but the web3 art and culture platform posted that it is doing all it can regarding a “compromised wallet” on Oct. 17.

Chinese blockchain industry reporter Colin Wu added that the Seven Treasures series NFT released by LiveArtX has fallen by more than 80% in price over the past 24 hours.

We are doing all we can to resolve the issue with the compromised wallet and we will keep the community updated.

— LiveArt (@LiveArtX) October 16, 2022

At the time of press, there were no further updates on LiveArt’s Twitter feed or Telegram channel. The responses to the original tweet 9 hours ago called for refunds and accused the project of rug-pulling.

Seven Treasures slumping

The Seven Treasures collection by Meta-Morphic artist Huang Yuxing is described as “a generative art project that brings you on a journey through nature.” There are 997 items in the collection, which was launched in September 2022.

According to the OpenSea NFT listings page, the floor price is 0.2 ETH (approx. $260). The average price on Oct. 15 was 1.14 ETH (approx. $1,500), but today that has tanked almost 70% to 0.36 ETH.

NFTGO data is reporting that the project’s market capitalization has slumped 53% over the past 24 hours, down to 586 ETH (approx. $765,000). However, the 24-hour volume has surged almost 600%, which could be a result of the wallet being emptied and NFTs on the move.  

New York-headquartered LiveArtX raised $4.5 million in a funding round in March when it held an initial coin offering. The firm launched the ART token as part of the round that included contributions from Animoca Brands, Binance, and Alameda.

NFT hacks on the up

Despite the bear market and NFT sales slumping this year, hacks and exploits targeting NFT projects and holders have increased.

Earlier this month, high-profile NFT artist “Beeple” warned users about malicious links being posted on his Discord server, which had been hacked. The links would redirect followers and collectors to fake servers that could steal NFTs and digital tokens.  

Last month both the Belarusian President and Billy Murray fell prey to NFT hackers.

The majority of these attacks and exploits use social media and social engineering tactics to lure victims into clicking malicious links which redirect them to crypto-stealing malware.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.


Credit: Source link

Related Stories

Can ETH Shanghai fork, NFT Surge, make Ethereum No. 1: Analysis
NFT News

Can ETH Shanghai fork, NFT Surge, make Ethereum No. 1: Analysis

February 2, 2023
Coinbase NFT halts artist drops as trading volume tanks
NFT News

Coinbase NFT halts artist drops as trading volume tanks

February 2, 2023
T-Shirts Matter’s Banksy NFT collection – Cryptopolitan
NFT News

T-Shirts Matter’s Banksy NFT collection – Cryptopolitan

February 2, 2023
Crypto Phishing Scams Likely Coming as Hacker Leaks Emails of 235M Twitter Users By DailyCoin
NFT News

Coinbase NFT Says It Is ‘Pausing Drops’ Amid Imminent Shutdown Rumors By DailyCoin

February 2, 2023
Next Post
DOGE/USD Bears May Be Running Out of Strength

DOGE/USD Bears May Be Running Out of Strength

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Binance CZ says SEC lawsuit is ‘an attack on the entire industry’

Binance CZ says SEC lawsuit is ‘an attack on the entire industry’

June 6, 2023
Bitcoin Miner Stronghold Announces Agreement Changes with WhiteHawk Finance, Foundry

Three Reasons Behind Bitcoin's 2023 Resurgence

June 4, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 26,806.00 4.26%
    • ethereumEthereum (ETH) $ 1,874.79 3.22%
    • tetherTether (USDT) $ 1.00 0.03%
    • bnbBNB (BNB) $ 277.00 0.06%
    • usd-coinUSD Coin (USDC) $ 1.00 0.06%
    • xrpXRP (XRP) $ 0.529145 3.74%
    • staked-etherLido Staked Ether (STETH) $ 1,873.20 3.26%
    • cardanoCardano (ADA) $ 0.341804 3.13%
    • dogecoinDogecoin (DOGE) $ 0.069507 4.22%
    • solanaSolana (SOL) $ 20.04 0.06%
    • matic-networkPolygon (MATIC) $ 0.804180 2.65%
    • tronTRON (TRX) $ 0.077174 2.03%
    • litecoinLitecoin (LTC) $ 90.16 3.07%
    • polkadotPolkadot (DOT) $ 5.19 2.37%
    • avalanche-2Avalanche (AVAX) $ 14.56 3.31%
    • binance-usdBinance USD (BUSD) $ 0.999798 0.03%
    • shiba-inuShiba Inu (SHIB) $ 0.000008 0.35%
    • daiDai (DAI) $ 1.00 0.16%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 26,822.00 3.94%
    • uniswapUniswap (UNI) $ 4.75 0.25%
    • leo-tokenLEO Token (LEO) $ 3.53 0.67%
    • chainlinkChainlink (LINK) $ 6.18 1.55%
    • cosmosCosmos Hub (ATOM) $ 10.03 0.35%
    • okbOKB (OKB) $ 45.16 1.95%
    • moneroMonero (XMR) $ 146.48 3.05%
    • ethereum-classicEthereum Classic (ETC) $ 17.33 1.43%
    • the-open-networkToncoin (TON) $ 1.66 0.63%
    • stellarStellar (XLM) $ 0.089165 1.58%
    • bitcoin-cashBitcoin Cash (BCH) $ 113.64 3.82%
    • lido-daoLido DAO (LDO) $ 2.39 8.49%
    • true-usdTrueUSD (TUSD) $ 0.999939 0.11%
    • internet-computerInternet Computer (ICP) $ 4.35 0.58%
    • filecoinFilecoin (FIL) $ 4.31 1.84%
    • quant-networkQuant (QNT) $ 116.39 5.55%
    • aptosAptos (APT) $ 8.11 1.07%
    • hedera-hashgraphHedera (HBAR) $ 0.049359 0.91%
    • crypto-com-chainCronos (CRO) $ 0.059625 1.76%
    • arbitrumArbitrum (ARB) $ 1.17 3.2%
    • nearNEAR Protocol (NEAR) $ 1.49 0.47%
    • vechainVeChain (VET) $ 0.018559 0.22%
    • apecoinApeCoin (APE) $ 2.97 0.88%
    • the-graphThe Graph (GRT) $ 0.116800 0.09%
    • paxos-standardPax Dollar (USDP) $ 0.999184 0.09%
    • fraxFrax (FRAX) $ 0.997917 0%
    • eosEOS (EOS) $ 0.888000 5.07%
    • algorandAlgorand (ALGO) $ 0.134304 1.95%
    • the-sandboxThe Sandbox (SAND) $ 0.514914 0.9%
    • rocket-poolRocket Pool (RPL) $ 48.83 3.3%
    • optimismOptimism (OP) $ 1.45 1.94%
    • elrond-erd-2MultiversX (EGLD) $ 36.22 0.74%