Hackers Breach Jason Falovitch’s Wallet and Steal NFTs, ETH Worth $150K Hackers Breach Jason Falovitch’s Wallet and Steal NFTs, ETH Worth $150K

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Con­tro­ver­sial cryp­to entre­pre­neur Jason Falovitch on Sun­day report­ed that hack­ers breached his cryp­to wal­let on OpenSea and stole four NFTs and six ETH. 

The val­ue of the stolen assets is esti­mat­ed to be in the range of $150,000, media reports said.

In a sim­i­lar inci­dent, ear­li­er this month, famous Amer­i­can actor and come­di­an Bill Muray became a vic­tim of hack­ers and lost 119.2 ETH worth $185,000 that he had just fin­ished rais­ing through his NFT action for a charity. 

Ask­ing to fix respon­si­bil­i­ty on the wal­let ser­vice provider, a user sued OpenSea for $1 mil­lion after he lost his Bored Ape NFT in a phish­ing attack. The plain­tiff claimed that OpenSea must accept some respon­si­bil­i­ty for the heist.

Falovitch’s Loss       

The four NFTs that hack­ers ille­gal­ly trans­ferred out of his wal­let includ­ed a Bored Ape Yacht Club (BAYC) NFT and a Mutant Ape Yacht Club (MAYC) NFT, and two Doo­dles. Both Mutant and Bored Ape NFTs were sold for 15.99 ETH and 82.69 ETH, equiv­a­lent to $20,700 and $107,000, respectively. 

The six ETH at the cur­rent mar­ket price was worth $7,770. Tak­ing the Doo­dle floor price into con­sid­er­a­tion, the hack­ers seem to have made a prof­it of at least $150,000.

How­ev­er, for Falovitch, the loss was at least twice as big­ger as he had spent $377,000 to buy the four NFTs as per the ETH prices at the time of their purchase. 

“I got hack­led last night on Opensea. Apes, doo­dles, eth. It’s not pret­ty,” Falovitch tweet­ed on Sep­tem­ber 25, request­ing that nobody should buy them or any­thing from his wallet. 

In a few fol­low-up tweets, Falovitch nar­rat­ed a chain of events that sound­ed curi­ous, if not mys­te­ri­ous. He claimed that his loss in the hack was to the tune of $1 mil­lion, and when he came out to go to the police sta­tion to report the mat­ter, he found his car was bro­ken into. And just before enter­ing the police sta­tion, he found some inex­plic­a­ble writ­ings on the steps.

Little Sympathy for Falovitch

It was cer­tain­ly a bad day for Falovitch, a for­mer sports man­ag­er who turned to cryp­to entre­pre­neur­ship last year with the launch of Lever­age Game Media Com­pa­ny in col­lab­o­ra­tion with bil­lion­aire Mark Cuban. But it seems the heist was not all, and a lot more was com­ing. Some of the reac­tions to Falovitch’s dis­clo­sure of the heist were cer­tain­ly not kind. 

His media com­pa­ny aimed at pro­mot­ing NFT projects, par­tic­u­lar­ly those from the sports arena. 

A group of social media pages co-found­ed by Falovitch on Twit­ter and Insta­gram with the @NFT han­dle was banned in Feb­ru­ary 2022 for pro­mot­ing scam­my projects with­out suf­fi­cient disclosures.

Zachxbt, a pop­u­lar cryp­to researcher help­ing hack vic­tims recov­er their assets, tweet­ed: “Kar­ma for all of the peo­ple you rekt with the scams pro­mot­ed on your Insta­gram page. Def­i­nite­ly won’t be track­ing this one.”

Falovitch’s tweets gen­er­at­ed angry reac­tions from many more Twit­ter users. 

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