'Blockchain City' CityDAO Falls Victim to $95K Hack via Discord

2 years ago

CityDAO, the experimentation into decentralized onshore ownership, has fallen unfortunate to a $95,000 hack by fraudsters connected gaming instant messaging tract Discord.

  • "EMERGENCY NOTICE. A CityDAO Discord admin relationship has been hacked. THERE IS NO LAND DROP. DO NOT CONNECT YOUR WALLET," CityDAO tweeted Monday.

  • The project's purpose is to physique a metropolis with decentralized governance, wherever "citizens" acquisition onshore successful the signifier of non-fungible tokens (NFTs). CityDAO uses Discord to contented alerts known arsenic "land drops" erstwhile determination are opportunities to acquisition said NFTs.

  • The attacker issued a fake onshore driblet from the admin's compromised account, pocketing 29.67 ETH ($95,000) successful the process.

  • The affected admin, "Lyons800", subsequently tweeted that the onslaught was "a ridiculous information breach from Discord."

  • This marks a 2nd ample hack via Discord successful little than a month. On Dec. 21, Justin Kan's NFT level Fractal suffered a breach successful which idiosyncratic hacked the project's relationship to contented a fraudulent nexus to users promoting a caller NFT, making disconnected with astir $150,000.

Jamie Crawley is simply a CoinDesk quality newsman based successful London.


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