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HomeNFT NewsHacker tastes own medicine as community gets back stolen NFTs

Hacker tastes own medicine as community gets back stolen NFTs

The dev partner of the Solana-based NFT game raised the royalty to 98% from the usual 5%, resulting in the scammer listing the 25 stolen NFTs for sale, which were then bought back and returned.

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Hacker tastes own medicine as community gets back stolen NFTs

Tales of traders getting scammed out of their nonfungible tokens were quite common at the peak of the NFT boom. In an unusual twist of events, the Solana community “scammed” a scammer to recover stolen NFTs.

It all started with the Discord channel hack of cross-chain gaming development studio Uncharted NFT, where scammers managed to drain 109 user wallets. The scammers got away with 150-plus SOL tokens and 25 World of Solana (WOS) NFTs, including three rare and highly valuable digital collectibles.

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It all began when @UnchainedNFT_ Discord got hacked two days ago.

A hacker drained the wallet of 109 users for a total of 150+ $SOL.

The most affected person was a WOS whale with 25 WOS NFTs that got stolen.

This whale also owned 3 top 100 @MoonRankNFT WOS NFTs pic.twitter.com/R2PWe3gPMX

— World Of Solana WOSup (@worldofsolana) May 25, 2022

WOS is a collection of 2,222 unique heroines, with the most expensive avatar currently listed for 123 SOL ($5,600). The floor price for the collection at present is 2. 03 SOL. In the wake of the hack, the community decided that it was time to recover the stolen NFTs. The WOS team got in touch with their development partner, who goes by Cyberfrog on Twitter, and raised royalties on the stolen NFTs to 98% from the default 5%.

Related: Nifty News: Solana NFT sales pass $1.6B, wash trading on LooksRare and more

The community was asked to keep an eye on the Solana NFT marketplace MagicEden for any new listings. The scammer fell for the trap within two days, and the community managed to buy back 15 NFTs, while the other 10 were sniped.

Sniping is the process of waiting until the last few seconds of an NFT auction to make a winning bid. This is done to stop other NFT bidders placing higher bids before the auction ends.

The community managed to retrieve the other 10 sniped NFTs as well and return the 25 WOS NFTs to the rightful owner.

— World Of Solana WOSup (@worldofsolana) May 25, 2022

The Twitter thread that detailed the hack and how the community worked to recover them all asked for members to “always use an burner wallet and be cautious when minting.” This small NFT community has been able to retaliate twice against scammers.

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Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
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