French Billionaire Bernard Arnault’s net worth shrunk by over $53 billion in 2024 after a major correction in his stock portfolio. Arnault is the chairman and 48% owner of LVMH Moet Hennessy Louis Vuitton, the world’s largest manufacturer of luxury goods, which produces products like TAG Heuer watches and Dom Perignon champagne. According to Bloomberg’s […]
The post Billionaire Bernard Arnault Loses $31,900,000,000 in One Year As Stock Prices Crumble: Report appeared first on The Daily Hodl.
Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand.
Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam.
Harry Denley, a Security Analyst at MetaMask, alerted users that Beeple’s tweets at the time containing a link to a raffle of a Louis Vuitton NFT collaboration were in fact a phishing scam that would drain the crypto out of users' wallets if clicked.
⚠️ Beeple's Twitter account has been compromised (ATO) to post a phishing website to steal funds.
— harry.eth (whg.eth) (@sniko_) May 22, 2022
0x7b69c4f2ACF77300025E49DbDbB65B068b2Fda7D
0xF305F6073CFa24f05FF15CA5b387DD91f871b983 pic.twitter.com/0MPNwOPlEu
The scammers were likely looking to capitalize on a real recent collaboration between Beeple and Louis Vuitton. Earlier in May, Beeple designed 30 NFTs for the luxury fashion brand’s “Louis The Game” mobile game which were embedded as rewards to players.
The scammer continued to post phishing links from Beeple’s Twitter account leading to fake Beeple collections, luring in unsuspecting users with the promise of a free mint for unique NFTs.
Bad actors continue have access to Beeples Twitter account and they have now tweeted another phishing domain.
— harry.eth (whg.eth) (@sniko_) May 22, 2022
This one just prompts the user to send ETH to an EOA (0xcad7fc974F61A08ADEF110D1BA446fa5b5B5Bb27).
Infra: 44.227.238.106 pic.twitter.com/HzTga1OvNK
The phishing links were up on Beeple’s Twitter for around five hours and on-chain analysis of one of the scammers' wallets shows the first phishing link scored them 36 Ethereum (ETH) worth roughly $73,000 at the time.
The second link netted the scammers around $365,000 worth of ETH and NFTs from high-value collections such as the Mutant Ape Yacht Club, VeeFriends, and Otherdeeds amongst others bringing the grand total value stolen from the scam to around $438,000.
On-chain data shows the scammer selling the NFTs on OpenSea and putting their stolen ETH into a crypto mixer in an attempt to launder the gains.
Beeple later tweeted that he had regained control of his account and added to remind his followers that “anything too good to be true IS A F*CKING SCAM.”
ugh we’ll that was fun way to wake up.
— beeple (@beeple) May 22, 2022
Twitter was hacked but we have control now. Huge thanks to @garyvee ‘a team for quick help!!!!
Related: Needed: A massive education project to fight hacks and scams
Beeple has created three of the top ten most expensive NFTs sold to date including one which sold for $69.3 million, the most expensive ever sold to a sole owner. This attention has made him a target for hacks.
In November 2021, an admin account on Beeple’s Discord was hacked with scammers there also promoting a similarly fake NFT drop which resulted in users losing around 38 ETH.
Earlier this month, cybersecurity firm Malwarebytes released a report which highlighted a rise in phishing attempts as scammers try to cash in on NFT hype. The firm noted the use of fraudulent websites depicted as legitimate platforms is the most common tactic used by scammers.
Hyundai also gave cryptic clues to a possible Metaverse in line with its earlier concept for robots to bridge the real and virtual worlds to enhance mobility.
South Korean automobile manufacturer Hyundai announced today, April 18th, that it has partnered with the Meta Kongz NFT project to create a limited collection of 30 NFTs launching sometime in May 2022.
Hyundai also created a new Twitter handle @Hyundai_NFT for its NFT-related communications and posted a video showing an animated Meta Kong riding through space in a 1975 Hyundai PONY.
Hyundai x Meta Kongz introduces Hyundai Metamobility universe.
— Hyundai_NFT (@Hyundai_NFT) April 17, 2022
Check out this aweeeesome creature’s breathtaking adventure with Hyundai PONY.@Hyundai_Global @meta_kongz pic.twitter.com/w0iLPHxe5d
Included in the announcement was a teaser for a further “Shooting Star NFT” with a cryptic explanation that it is a “ticket to a whole new world” and might lead to “new NFTs”.
In January, Hyundai shared its “Metamobility” concept, a vision for robotics to be a medium between the real world and the Metaverse so changes users make in the Metaverse are reflected in reality, which “allows people to overcome the physical limitations of movement in time and space.”
As part of its concept vision, Hyundai stated:
“With the metaverse set to become a daily space for people in the future, the company expects the possible emergence of a new type of metaverse platform in which the distinction from reality could disappear, breaking away from the concept of VR as the world knows it today.”
Hyundai continued its concept, hinting at a possible “Hyundai Metamobility universe” a metaverse with the issuance of various NFTs as mobility vehicles.
Activision Blizzard recently sent out a survey to players of its games, asking them to share their interest level in NFTs, along with their thoughts on play-to-earn and Metaverse games.
Twitter user @OTadaka shared a screenshot of the survey conducted by market research firm YouGov which attempted to gauge interest in different categories of “future gaming trends.”
So it seems Blizzard/Activision is trying to see if players are interested in crypto and n.f*t in games. I got a survey from them and it is on the survey. I said very disinterested to them. pic.twitter.com/dIT4bVokDK
— Okage Tadaka BlackLivesMatter StopAsianHate (@OTadaka) April 16, 2022
In January Microsoft acquired Activision Blizzard for $69 billion, stating at the time that the acquisition would “provide building blocks for the Metaverse,” Microsoft CEO and chairman Satya Nadella added that gaming will play a “key role” in developing metaverse platforms.
Blockchain services company HashCash Consultants announced on April 16th that it was partnering with an unnamed UK- based company to create NFTs which include information about an individuals' health.
The firms will work with volunteers who will provide their health data, with the intention for it to be made into an NFT so that it can be shared with healthcare providers, a move the company says can be more easily tracked and monetized by the owner.
Related: What are wash trading and money laundering in NFTs?
The release provided an example of how this type of NFT could be tracked and monetized with that of a DNA testing kit company selling its user data to a research firm. The Founder and CEO of HashCash Consultants Raj Chowdhury explained:
“If your genetic data were turned into NFTs, the information is then attached with an inherent feature to be tracked, this would enable you to monitor where your data ends up and track the people who hold the NFT and also figure out if it is being used without permission.”
Texas and Alabama state securities regulators have sent emergency cease and desist orders to Sand Vegas Casino Club for illegally offering over 11,000 NFTs to raise funds for its Metaverse-based casinos.
The parent company of The Sandbox metaverse, Animoca Brands, has added two video game publishers to its repertoire, enhancing both its motorsport and role-playing blockchain games.
Meanwhile, Louis Vuitton is continuing its Web3 plans with the release of new NFTs as part of its “Louis: The Game” mobile game. The fashion label added new levels and rewards to its app which will randomly reward players with 10 new “profile picture” type tokens.
On September 30, the Italian luxury fashion house Dolce & Gabbana sold an NFT collection for $5.7 million or 1,885 ether. The designers’ Collezione Genesi collection was sold via the platform UNXD, a Polygon network-powered marketplace. Dolce and Gabbana’s Collezione Genesi Rakes in 1,885 Ether Dolce and Gabbana’s first-ever non-fungible-token (NFT) drop, Collezione Genesi raked […]