​Solana-Based Hacked Monkey Kingdom Has a Phishing Lesson for | Bitcoin Industry

​Solana-Based Hacked Monkey Kingdom Has a Phishing Lesson for NFT Buyers.

Solana (SOL)-based non-fungible token (NFT) project Monkey Kingdom had its official Discord server hacked on Tuesday during a presale, allowing a cyber thief to run away with nearly USD 1.3m worth of digital assets. The incident is another stark reminder to be extra careful and not to fall into phishing traps.

The incident marks one of the largest NFT project hacks to date, reminding every crypto user, particularly NFT investors, of the risks involved with this emerging industry.

Meanwhile, the hacker targeted the presale of the Baepes, a collection of 2,221 female Wukongs NFTs added to the Monkey Kingdom family. Minutes after the presale started, the project's Twitter account announced that due to an overload of traffic, their website is currently down.

Subsequently, they informed the community that their Discord channel has been hacked and a phishing link has been published, warning users not to follow the link.

"Since the morning of 21 Dec 2021, our discord was flooded with thousands of bots impersonating Monkey Kingdom or Baepes announcement. They DM-ed our users directing them to suspicious websites that require them to connect their wallets," The project detailed.

According to the team, a hacker first used a breach in Grape, a protocol for building token-based membership communities on the Solana blockchain, to take over an administrative account and post a fake link to minting the NFTs.