Children are stealing money with hacking and phishing for game skins

Minors under the age of 18 are involved in crimes such as defrauding a large number of non-fungible tokens (NFTs) , and the damage amounts to millions of dollars (hundreds of millions of yen) to tens of millions of dollars (billions of dollars). yen) was reported.

School kids are stealing millions of dollars of NFTs — to buy Roblox skins |
https://www.theblock.co/post/235022/phishing-frenzy-school-kids-are-stealing-millions-of-dollars-of-nfts-to-buy-roblox-skins

School Kids Reportedly Phishing Millions in NFTs for Roblox Skins
https://cryptonews.com/news/school-kids-reportedly-phishing-millions-nfts-for-roblox-skins.htm

Digital financial platform Orbiter Finance announced in June 2023 that its Discord server had been hacked.

???? Attention community!!!
Orbiter Finance's Discord was hacked, we are trying our best to slove it, please don't trust anything in the discord server. Don't click on any links!!!

— Orbiter Finance ???? (@Orbiter_Finance) June 1, 2023

According to foreign media The Block, which deals with virtual currency news, this incident started when a person disguised as a journalist contacted a Discord moderator and took control of the server.

The perpetrators also hijacked Orbiter Finance's Twitter account to advertise a fake airdrop , a free cryptocurrency distribution campaign, and direct Orbiter Finance users to a phishing site to steal NFTs. It is reported that this phishing attack stole about $ 1 million (about 140 million yen) worth of NFTs and virtual currencies.

Importantly, this incident is just one of the largest phishing attacks in the NFT space. According to an NFT analyst and security expert who goes by the name OKHotshot, at least 900 Discord servers have been targeted by such attacks since December 2021, especially in recent weeks and months. is said to be on the rise.

OKHotshot reports that 46 Discord servers have already been compromised in June alone, starting with the Orbiter Finance incident.

Discords continue to be prime targets for crypto and nft scammers. 46 Discords have already been compromised since June 1st❗️ pic.twitter.com/S9DUV3zgaG

—OKHotshot (@NFTherder) June 15, 2023

A series of attacks have damaged more than 32,000 wallets in the past nine months, resulting in stolen NFTs and tokens worth a total of $ 73 million (about 10.3 billion yen), The Block reported. .

To make matters worse, many of the perpetrators of these attacks are believed to be minors. According to Mr. Plum (a pseudonym), a security researcher who belongs to the trust and safety team of the NFT marketplace OpenSea, 95% of perpetrators are children under the age of 18, and many are still high school students. Therefore, it is expected that attacks will intensify as summer vacation begins.

Plum told The Block, ``I talk to them quite a bit, so I know they're still in school age. We often talk about how much homework we have,' he said.

Many children who are involved in financial crimes involving virtual currencies and NFTs are playing the gaming platform Roblox , and are spending a lot of money to buy skins and cool equipment for their avatars. matter. In addition, some of them use the stolen funds to buy gift cards, buy clothes and shoes, pay homework services to do their homework, buy cars that they can't even drive yet, and spend them on gambling. Some children do, says Plum.

On how to protect against such attacks, Plum said, “Security-focused wallet extensions are good for basic wallet protection. It's a good idea to keep it,' he said.