2 years ago
Recent research from Comparitech shows that NFT thefts are becoming much predominant than ever— and much profitable.
The institution has kept way of NFT thefts ever since the non-fungible token modular was archetypal introduced and recorded the archetypal stolen NFTs arsenic aboriginal arsenic 2020. Since then, implicit $86.6 cardinal of tokens person been stolen. At today’s prices, these NFTs are worthy implicit $896.5 million.
There has besides been a important summation successful the wide fig of NFT thefts successful 2022, starkly contrasting the declining fig of crypto hacks recorded by Comparitech. Out of the 166 full NFT thefts, 14 happened successful 2021, and lone 2 occurred successful 2020. The remaining 150 took place, successful 2022, with March being the worst period for NFT owners, with 31 thefts happening that month.
Chart showing NFT thefts from 2020 to 2022 (Source: Comparitech)The largest theft based connected the magnitude stolen astatine the clip of the onslaught was Lympo. In January 2022, the sports-based NFT subsidiary of Animoca Brands mislaid 165.2 cardinal LMT tokens successful a blistery wallet hack. At the clip of the attack, the tokens were worthy $18.7 million. In November 2021, WAX concatenation crippled Farmers World suffered a hack that resulted successful $15.7 cardinal worthy of NFTs being stolen.
With $13.7 cardinal stolen, BAYC is the third-largest NFT hack ever. In April 2022, BAYC’s Instagram relationship was hacked, and dozens of NFTs were stolen from users. The level terms for the stolen NFTs was astir $14 cardinal astatine the clip of the attack.
In its research, Comparitech lone focused connected wide exploits from hackers and excluded rug pulls, worker thefts, phishing scams, and institution errors. The survey besides included NFT attacks identified by information trackers specified arsenic PeckShield oregon CertiK.
The station Over $86.6M worthy of NFTs has been stolen since 2022 appeared archetypal connected CryptoSlate.
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