• Proof NFTs, created by CEO Kevin Rose, were stolen from his Ethereum account that was valued at millions of dollars.
• 25 Chromie Squiggles and an Autoglyphs NFT by Larva Labs were taken off his account.
• Rose urged his 1.6 million followers to avoid buying any Squiggles until the stolen property can be flagged.
Proof, an NFT business created by CEO Kevin Rose, was recently the victim of a major theft. Rose’s Ethereum account was hacked and NFTs with a value of millions of dollars were stolen. According to Etherscan, 25 Chromie Squiggles and an Autoglyphs NFT by initial CryptoPunks producer Larva Labs were taken off his account on January 25th. These stolen items are estimated to be worth at least $1 million, with Chromie Squiggles having a floor price of 13.3 ETH, or around $20,715 each, and an Autoglyph valued at 315 ETH, or around $490,000.
Rose made sure to alert his 1.6 million Twitter followers to the theft, urging them to avoid buying any Squiggles until the stolen property can be flagged. He made it clear that buyers should wait until the issue is resolved to ensure that they are not purchasing stolen goods.
The theft has served as a reminder of the importance of security when it comes to NFTs. As the industry grows and more people become involved, it is essential that the proper measures are taken to protect the assets of all users. For example, Rose had a two-factor authentication system set up on his account and was still hacked, demonstrating the need for additional security measures.
Although this event is unfortunate, it is a reminder of the importance of taking the necessary precautions when dealing with NFTs. Security is of the utmost importance and it is essential that users take steps to protect their assets. This incident serves as a warning to all users of NFTs to make sure they have the proper precautions in place to protect their investments and avoid any future losses.