• One of the major cyberattacks of the year was the Premint hack.
• CEO of Premint claims it is impossible to recover all stolen NFTs.
• The two priciest NFTs have been repurchased and given back to Premint consumers.
Premint Hack Victims Updates: The company has offered a compensation to the victims who lost their NFT holdings as a result of the hack assault that hit the Premint NFT registration platform this week.
Premint will return 340 Ether coins, or a total of about $525,000 (around Rs. 4.20 crore), to its scammed users. Brenden Mulligan, the CEO of Premint, has made the announcement.
The hacker(s) stole 320 NFTs from the Premint platform, making it one of the biggest cyberattacks of 2022. They are also suspected of selling the stolen digital collectibles on NFT marketplaces like OpenSea.
The site will make deposits into the 28 crypto wallets that were compromised of ETH coins equal to the collection floor price of each stolen NFT. The lowest priced NFT of a certain collection is represented by the “floor price.”Premint has also announced the purchase of wallet authentication tool Vulcan in an effort to fortify its security measures; additional information will be released next week.
Premint enables NFT artists to create access lists for their NFTs with randomly chosen collectors and community members to use for presales and giveaways, as stated on its website.
According to news sources, the hacker or hackers were able to obtain valuable items from well-known digital collectibles series, including Bored Ape Yacht Club (BAYC), Otherside, Moon birds Oddities, and Goblin town, among others.
The 275 Ether tokens obtained by the hacker(s) through the flipping of these stolen NFTs were then passed from the Tornado Cash crypto mixer to make the transaction secret and untraceable.The case is still under investigation. ”The last four days have been filled with nonstop meetings with accountants, attorneys, and Web3 executives. It’s been tremendously complicated and informative,” Mullilgan wrote on Twitter.