HomeCryptoMonkey Drainer on Hacking Spree, Steals Another 520 ETH Worth NFTs

Monkey Drainer on Hacking Spree, Steals Another 520 ETH Worth NFTs

Monkey Drainer has wreaked havoc yet again after stealing $800k worth of seven Crypto Punk and twenty Otherside NFTs, according to on-chain sleuth ZachXBT.

Blockchain security firm, PechShield, also confirmed that the theft was carried out by a wallet tagged as Monkey Drainer.

  • The stolen funds were then transferred to the coin mixer Tornado Cash.
  • ZachXBT also revealed that Monkey Drainer was recently used when both AJT and Gabriel Leydon were sim swapped. He added,

“Prior to that, he’s had other huge attacks as well.”

  • The notorious scammers siphoned 700 ETH worth over $1 million just a week ago via malicious phishing sites.
  • As reported earlier, One of the victims – 0x02a – lost 1 Bored Ape Yacht Club (BAYC) collection, 1 CloneX, 36,000 USDC, and 12 other non-fungible tokens (NFT) totaling around $150,000. The other victim – 0x626 – held over $6.2 million worth of crypto but ended up losing only $220k because they rejected the other transaction requests.
  • Monkey Drainer is well-known for using phishing-based hacking techniques to pilfer funds from victims by creating fraudulent cryptocurrency and NFT sites.
  • Unassuming users entering sensitive data about their digital wallets and signing off on transactions enables Monkey Drainer to access their funds.
  • October has been the worst recorded month for crypto hacks. According to Chainalysis’ latest research, overall losses accounted for over $718 million for crypto-related crimes in October alone.
  • At this rate, the blockchain data provider speculated that 2022 is likely to surpass 2021 as the biggest year for hacking on record.

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