Bill Murray lost nearly $200k in crypto to hackers

Bill Murray is the latest celebrity to be targeted by crypto thieves.

The criminal earned 119.2 ETH (about $185,000) which the actor raised in his NFT charity auction. Unidentified hackers also attempted to steal non-fungible tokens from Murray’s personal collection, including two CryptoPunk NFTs, according to Coindesk.

CryptoPunks is one of the most sought after NFTs and can cost anywhere from $77,600 to $1.2 million in ether, according to GoBankingRates.

The “Groundhog Day” star’s virtual wallet security team, the NFT Project Venkman consulting firm, was able to secure his NFTs. However, they were unable to protect the money raised for charity. It can be difficult to obtain them as cryptocurrency transactions are often irreversible.

Murray’s team said it has filed a police report and is working with crypto analytics firm Chainalysis to identify the thief.

Although Murray’s charity seems disappeared, another Coinbase user donated approximately $187,500 worth of ether to Chive Charity, the nonprofit that Murray was fundraising for, to replace the stolen funds.

Scammers ‘target anyone they think they can get money from’

Murray is far The only celebrity targeted for their expensive digital collections. In May, for example, actor and producer Seth Green Lost Four Bored Ape . NFTs to phishing, which is when cyber thieves steal users’ personal information by tricking them with bogus links.

Like CryptoPunks, Bored Ape NFTs are one of the most famous non-fungible tokens and a popular target for theft.

Since the Bored Ape Yacht Club collection launched in June 2021, a total of 143 Bored Ape NFTs worth nearly $13.6 million have been reported stolen as of August 2022, according to Immunefi, a Web3 security company.

Green paid nearly $300,000 to restore one of his stolen NFTs, Bored Ape #8398, which he is planning to use in an animated series he is developing, according to Buzzfeed News.

While crypto scams involving celebrities tend to be the most well known, they are certainly not the most common, said Chen Arad, chief executive officer of Solidus Labs, a company that provides provides services such as trade monitoring, transaction monitoring and threat intelligence to some of the largest exchanges.

He told CNBC Make It: “Scammers do not discriminate and target anyone they think they can make money from, from celebrities to royalty to ordinary people. .

However, cybercriminals tend to hunt for celebrities especially because “it creates more buzz” and attracts more attention, Arad explained. “Celebrities are also seen as wealthy and often are, making them a big target,” he said. “Celebrities dealing with a high volume of offers/suggestions can mean less time to review and assess their legitimacy.”

How to Protect NFTs, Cryptocurrencies and Other Digital Investments

While theft and fraud are not unique to the crypto market, there is a high rate of illegal activity in the crypto space as “new technology is still being tested and takes time.” time to detect and address security vulnerabilities,” Arad said.

If you are interested in buying an NFT, there are several ways to protect your investment.

OpenSea, the largest and most popular NFT marketplace, recommend the implementation of various security measures including using two-factor authentication and a physical hardware wallet, in addition to your digital wallet.

Also, be careful when giving out your personal and financial information to people you’ve never met. A seemingly random text from an unknown number could be an attempt to lure you into a scam “slaughter pig”The latest scheme costs crypto investors millions of dollars.

It is important to note that NFTs, like cryptocurrencies, can fluctuate unpredictably in value. There is no guarantee that you will be able to make a profit on your investment which is why experts advise against spending more on cryptocurrencies, NFTs or investment investments. muscle is different than you can possibly lose.

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