Bitcoin: What Wikipedia won’t tell you about BTC’s recovery to May levels
Chainlink: Assessing why whales stood stock-still amid recovery
Investors bullish on The Sandbox would be pleased to read this
CryptoPunks enamor investors with BAYC following suit
Amici status update: SEC’s latest filing aims at XRP holders and…
Bitcoin: What Wikipedia won’t tell you about BTC’s recovery to May levels
Bitcoin: Evaluating if BTC will invalidate its current bullish bias
Binance flips Coinbase to hold more Bitcoin [BTC] globally
BTC short-term holders take this route through bear market
Expect sluggish Bitcoin [BTC] hashrate growth in 2022 unless…
Ethereum: $1750-$1950 area could be tricky to navigate for b…
Ethereum traders can consider these metrics to avoid losses
ETH Merge hopium or an expensive price/earnings level – Take your pick
Here’s when Ethereum investors can expect reversal from ongoing rally
Ethereum [ETH]: The true meaning of >130 ‘millionaire’ whales coming back
Published
on
By
The latest hack in the crypto space witnessed a heist of over $375k on the Premint NFT registration platform. The platform has since provided updates on the matter in the aftermath of the hacking.
The attacks on NFTs are becoming far more frequent.
Co-ordinated hacks are becoming a prominent theme in the crypto world. The infiltrator “manipulated a file” on Premint which presented the users with a malicious wallet connection. Later, the platform had to take down the site for security reasons.
Ironically, Brenden Mulligan, Founder of Premint NFT, released new security updates for the platforms on 8 July. In his tweet, he had said,
“Today we made a lot of great security updates to PREMINT as a continuing effort to keep collectors safe.”
The platform, however, suffered an attack late on 16 July by a malicious actor.
This issue only affected users who connected a wallet via this dialog after midnight Pacific time.
Thanks to the incredible web3 community spreading warnings, a relatively small number of users fell for this.
We took the site down early this morning to fix the issue. pic.twitter.com/Wq9FyRtIMl
— PREMINT | NFT Access List Tool (@PREMINT_NFT) July 17, 2022

The site was back up the following day after the attack. Additionally, the platform could flag four accounts in all that could be suspected of stealing from Premint.
In fact, Premint also introduced a new security feature after the hack. According to the new security update, users wouldn’t be needing wallets when logging back into Premint.
Once the Twitter and Discord accounts are connected to the wallets, users can log in easily afterward.
Cyber security expert Simona stated her opinion on user account safety in the aftermath of the attack. She suggested users to follow the step-by-step process to ensure safe passage and avoid such malicious attacks. Simona further alerted users, stating,
“ If you see a wallet ID as a spender of an NFT like the one in the picture (not OpenSea or a marketplace contract) that is probably a scammer wallet that can withdraw your NFTs.”
Source: Simona/ Twitter
Cybersecurity measures continue to fail in the crypto industry as hackers are able to manage heists after heists.
Although this attack happens to be a relatively small one as compared to $100 million stolen in the Harmony Bridge attack, the need for proper measures in place remains constant.
And, the need for rigid security measures is becoming crucial now more than ever.

Lido Finance: What TVL crossing $6b mark could mean for LDO
Binance flips Coinbase to hold more Bitcoin [BTC] globally
Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.
CryptoPunks enamor investors with BAYC following suit
CryptoPunks tops weekly charts as it surges by 558% amid a recouping NFT market
Mixer usage reaches ATH as YTD volume doubles as compared to 2021: Chainanalysis report
Nansen’s NFT indexes quarterly report for Q2 can make investors happy
Can MoonBirds fly amid the tittle-tattle of drawdowns
STEPN’s GMT – 35% surge thanks to existing users’ commitment, but that’s not all
Your email address will not be published.




document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );

Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

source

Write A Comment