Rare Bears Discord phishing attack nabs $800K in NFTs

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Rare Bears Discord phishing attack nabs $800K in NFTs
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A tough start for BearsRare. The recently launched NFT project was hit by an attack after a hacker posted a phishing link in the project's Discord channel, stealing nearly $800,000 in nonfungible tokens.

), worth over $795,500, most of which was promptly put through Tornado Cash, a crypto mixer used to obfuscate the source of funds.has occurred in recent months on Discord, suggesting some teams need to more carefully consider the security of admin accounts. Earlier today, the “Rare Bears” team posted that they had hired security consultant and auditor Pandez for a full security audit of its Discord.

“Rare Bears” said the team was able to regain control of the server, removing the compromised account and transferring ownership to a new one, and that the server is secure from another attack.Speaking to Cointelegraph, security consultant Pandez said that users should look out for a few key signs that could mean a message is a scam.

Pandez said other red flags are if channels are locked during a “drop” of a new NFT collection, if the link differs from those shared on Twitter or other official sources for the project, and if the link is continuously posted in the channel.

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