Representatives of the NFT platform LiveArtX reported the theft of its official wallet.
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We are doing all we can to resolve the issue with the compromised wallet and we will keep the community updated.
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— LiveArt (@LiveArtX) October 16, 2022
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\”We are doing everything possible to resolve the issue with the compromised wallet. We will keep the community updated,\” the project wrote on Twitter.
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Against the backdrop of the publication, the market capitalisation of the NFT project Seven Treasures, listed on LiveArtX, fell 53% in 24 hours, according to NFTGo. The floor price of the collection’s tokens dropped 83% in 24 hours, to 0.2 ETH.
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Meanwhile, trading volume for Seven Treasures surged 612%, indicating a mass sell-off of the project’s non-fungible tokens.
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Earlier, artist Mike Winkelmann (Beeple) reported a hack of a URL to his official Discord server. When clicked, users were redirected to a fraudulent channel.
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As Elliptic analysts note, over the 12 months from July 2021, criminals stole NFTs worth more than $100 million as a result of fraud.
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