Friday, May 27, 2022

Hacker tastes own medicine as community gets back stolen NFTs

The dev partner of the Solana-based NFT game raised the royalty to 98% from the usual 5%, resulting in the scammer listing the 25 stolen NFTs for sale, which were then bought back and returned.

Tales of traders getting scammed out of their nonfungible tokens were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs.

It all started with the Discord channel hack of cross-chain gaming development studio Uncharted NFT, where scammers managed to drain 109 user wallets. The scammers got away with 150-plus SOL tokens and 25 World of Solana (WOS) NFTs, including three rare and highly valuable digital collectibles.

WOS is a collection of 2,222 unique heroines, with the most expensive avatar currently listed for 123 SOL ($5,600). The current floor price of the collection is 2.03 SOL.

In the aftermath of the hack, the community decided to get back the stolen NFTs. The WOS team got in touch with their development partner, who goes by Cyberfrog on Twitter, and raised royalties on the stolen NFTs to 98% from the default 5%.

#nft #crypto #metaverse #blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn


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