Various commenters replied to Beeple's tweet to say they'd been scammed, and to ask if he could help them recover their funds or NFTs. Some blamed him and his poor security practices for their losses, asking if he would repay those who were scammed. He has not suggested he intends to do so.
Beeple's Twitter account is hacked and used to promote fake NFT mints
Attackers gained control of the Twitter account belonging to Beeple, an artist known for "selling" an NFT for $69 million in March 2021 and for his recent horror-inducing NFT collab with Madonna. They used the account to share two scam mint links — first to a supposed NFT collaboration with Louis Vuitton, then to "extra" artwork Beeple supposedly created but never minted as NFTs. The scam drew in around $272,000 in ETH and stole 45 NFTs worth approximately $166,000 before Beeple regained control of his Twitter account about five hours later.
bDollar stablecoin suffers $730,000 price manipulation attack
bDollar was the first algorithmic stablecoin on the BSC blockchain. An attacker was able to manipulate the price of underlying assets to pull 2,381 wBNB out of the protocol, worth around $730,000. The project had been audited by CertiK.
- "又一算稳项目被攻击，bDollar损失约73万美元", DefiDaoNews
Class action lawsuit filed against HUMBL blockchain platform
A litigation firm filed a class action lawsuit against HUMBL, a financial services company that touts its web3 and defi products. The lawsuit alleges that HUMBL and its executives made false and misleading statements about the company and its prospects, made "selectively timed announcements to keep Humbl stock price high so that Company insiders could sell off their holdings into artificially created volume", and sold its BLOCK ETX assets in violation of securities laws.
HUMBL stock has dropped from a high of $6.84 per share to a low of $0.11. Similarly the BLOCK ETX asset has dropped more than 87% from its high.
- HUMBL lawsuit website
Doodled Dragons serial rug-puller revealed to be behind yet another Solana project
The serial rug-puller who was behind the Balloonsville rug pull in February and Doodled Dragons rug pull in January has popped up once again, this time with a Solana NFT project called Reptilian Renegades. A project called Hydra Launchpad, which had recently announced they would be adding Reptilian Renegades to their lineup, were the ones to expose the project team member, who went by "Fuopist" on this project. Hydra claimed that they had been able to take control of the project's mint authority and cut off Fuopist from receiving further proceeds from the project.
After the Balloonsville rug pull, which used the Magic Eden NFT marketplace, Magic Eden announced they would no longer be accepting anonymous projects on their platform. Despite that, this person was able to launch Reptilian Renegades on Magic Eden, where they were able to get their account verified.
Following the unmasking, the Reptilian Renegades Twitter account posted a slew of tweets supposedly exposing various NFT influencers for shady behavior including undisclosed promotions. "I'm literally the Batman. I stop crime whilst committing crimes," they wrote in response to a person who tweeted, "The balloonsville guy is back and he's ready to tell you how corrupt NFTs are while he steals from you. The lack of self awareness is truly next level."
Users threaten to sue after yield generation project Stablegains loses $44 million in Terra collapse
A class action law firm sent a letter to the yield generation project Stablegains, demanding records on customer accounts, marketing and advertising strategies, and communications relating to the Terra stablecoin. Stablegains described itself as aiming to "make it simple and safe for everyone to benefit from advances in financial technology", and promised that "regardless if crypto markets are soaring or crashing, the value of assets under our management remains stable".
Unfortunately for their customers, it turned out that Stablegains was heavily invested in the Terra project's Anchor protocol, which collapsed along with the rest of the Terra ecosystem last week. Stablegains' website had stated they primarily generated yields through the asset-backed stablecoin USDC. However, after the collapse of Terra, Stablegains admitted that "All users' holdings are in UST" — which lost over 90% of its value.
"Quantum-resistant" blockchain QAN suffers bridge attack
The $QANX token for the QAN project suddenly plummeted in value as an attacker stole more than 4 million QANX from the project. The attacker subsequently swapped the tokens for around 370 ETH ($707,000). In a video posted to Twitter, the project CEO stated that it was "definitely a bridge issue", and that they'd shut down the project's bridge. They also said they had contacted exchanges to freeze the wallets that had been involved in the "issue".
QAN describes itself as a blockchain that helps "resist quantum attacks", though apparently not the types of bridge attacks that have become fairly common in the past year or so.
Class action lawsuits filed against Terra founders after crypto collapse
Following the collapse of the Terra ecosystem and its tokens TerraUSD and Luna, affected Korean investors have filed both criminal and civil lawsuits against the project's creator, Do Kwon. Represented by RKB & Partners, the lawsuit seeks to seize Kwon's assets and pursue fraud charges.
Another Korean group, calling themselves "Victims of Luna, UST coins", has amassed 1,500 members and reportedly plans to file a lawsuit against Kwon and Terraform Labs' other cofounder, Shin Hyun-Seong (who is also known as Daniel Shin, and is no longer with Terraform Labs).
This development may be particularly inconvenient for Kwon and Shin, given Terra's legal team quit the company the previous day.
On June 17, another investor filed a separate lawsuit against Terraform Labs, Kwon, and various others in a US court.
"Feminist Metaverse" token exploited for $533,000
The "Feminist Metaverse" ($FM) token suddenly plunged in value by 99.7% after an attacker stole 1,838 BNB ($533,000). The hacker quickly transferred the stolen funds to the Tornado Cash tumbler to help hide their tracks.
The project advertised on its website its plans to "Create Feminist economics in the form of a DAO to balance the male-dominated world." The project's whitepaper explains how the metaverse will apparently "greatly reduce the impacts on women's normal work and inequality in wages brought by their physiological differences and pregnancy. As a consequence, it helps eliminating a number of unresolved problems in the real world like gender discrimination, inequality in wages, sexual harassments, sexual assaults, trafficking of women and child marriage." It's not clear what specifically the "Feminist Metaverse" project was hoping to achieve.
Fake minting links distributed after several large NFT Discord servers are compromised
Members of several large NFT Discord servers began seeing suspicious-looking messages announcing supposed NFT mints that turned out to be fakes. Affected communities appeared to include Moonbirds/PROOF, Axie Infinity, RTFKT, Memeland, Alien Frens, and others. The attack appeared to involve a Discord bot called MEE6, though there was some confusion around whether there was a compromise of MEE6 itself or if it was simply used in the attack. The following day, MEE6 acknowledged that an employee account had been compromised.
Bot compromises have emerged as a wide attack vector in crypto and web3 communities, as widely-used bots can have elevated permissions across Discord channels used as official information sources across many communities.
Terraform Labs' legal team resigns
In what seems like a bad sign for Terraform Labs, the developer of the Terra blockchain and the TerraUSD (UST) and Luna cryptocurrencies, the three members of the company's legal team left the company. This came shortly after UST, Luna, and the entire Terra ecosystem dramatically collapsed after the stablecoin lost its peg last week.