LiveArtX: Hackers stole 197 NFTs, have upgraded contracts and frozen stolen NFTs

Oct 17,2022
KingData News: In the official Discord, members of the NFT platform LiveArtX team said that the hackers stole 100 NFTs saved in the treasury and 97 NFTs originally intended for activity (stored at addresses starting with 0xCaF6) in the attack. The hackers then sold the stolen NFTs quickly by accepting bids, causing the NFT floor price to drop rapidly. The team has now upgraded the contract and frozen the stolen NFTs, and will buy back and provide additional compensation to those who have already purchased such NFTs. The team said that a large number of NFTs were stolen because it failed to separate the treasury wallet from the operations wallet and failed to set up the treasury wallet as a multi-signature wallet, leaving multiple team members with private keys and increasing the risk of hacking.
This metrics provides a follow-up of hack incidents such as the exploitation of the Harmony-eco cross-chain bridge Horizon and the NFT lending protocol XCarnival.
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