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Hackers and scammers are incredibly persistent, constantly evolving tactics to exploit human trust and crypto system vulnerabilities for financial gain, using sophisticated methods like phishing, AI, and automated attacks. In the latest attack, hackers have allegedly hacked the accounts of non-fungible token investor “yfimax.eth” and walked away with his eight CryptoPunks NFTs.
Data compiled by Cryptopunks.app shows that eight cryptopunks non-fungible token series have sold for 27.5 ETH each. CryptoPunks.app is an online tool or platform that monitors the market for the iconic CryptoPunks NFT collection, providing real-time data on floor prices, sales volume, rarity, and individual Punk details, with popular trackers found on sites like Forbes, CoinGecko, and CryptoSlam, helping users track ownership and market trends for these pioneering digital collectibles.
The recent sale of the eight CryptoPunks NFT collections has sparked massive speculation among traders and collectors. Some of the traders on X (formerly Twitter) have described the sale as a hack, since all Punk NFTs were sold for 27.5 ETH, which fell below the current floor price of 29 ETH. If they were all sold at the floor price of 29 ETH, that’s a total of 232 ETH (USD $742,200) loss. Nonetheless, others have opined that Yfimax.eth may have grown tired of the NFT market and decided to sell them.
Launched in 2017, CryptoPunks is a globally acknowledged non-fungible token series previously from the digital asset firm ‘Larva Labs’ but now managed by the non-profit organization, Infinite Node Foundation. The iconic NFT collection, Punks, has a fixed supply of 10,000 pixilated NFTs hosted on the Ethereum blockchain. CryptoPunks is one of the leading NFT series in the global NFT market.
At the time of publishing, a thorough investigation into the eight CryptoPunks NFTs sold earlier today is ongoing. In response to the recent suspicious sales, the CryptoPunks NFT collection has climbed to the top, with trading volume of +$1.3 million in the past 24 hours. The global NFT market has jumped by 28% today to $8 million, while Ethereum NFT sales have risen by 66% to $4.4 million.
Read more on InsideBitcoins.com
