Hackers steal $1.75 million in crypto assets from DeFiance Capital founder Arthur Cheong

Cybercriminals stole non-fungible tokens (NFTs) and other crypto assets from DeFiance Capital founder Arthur Cheong.

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According to Cheong, he fell victim to the so-called targeted phishing via an email campaign, which installed malware on his phone. The software found seed phrases stored on the device from two Ethereum wallets and transmitted them to the hackers.

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Cheong also published a screenshot of the email that presumably became the source of the malware.

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\”I found the likely cause of the exploit — it’s a targeted attack. I received a phishing email that looked like it had been sent by an employee of one of the companies in our portfolio, and containing content that appears to be industry-relevant at first glance. They are likely targeting everyone in the crypto industry.\”

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PeckShield noted that among the stolen assets were several dozen NFTs from popular collections Azuki, CloneX, Hedgies and Second Self. The hackers sold them on the OpenSea platform. In addition, the attackers appropriated various crypto assets, including wrapped Ether, Lido DAO tokens and the DYDX coins.

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The total amount stolen amounts to 585 ETH (over $1.75 million at the time of writing). According to Cheong, cryptocurrencies are still being withdrawn from the wallets.

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Earlier today, hackers, using a flash loan, hacked the OneRing Finance protocol. The project’s losses amounted to about $2 million.

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A week earlier, criminals used a phishing email stole non-fungible tokens from owners of the Rare Bears NFT collection.

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