DeFiance Capital founder Arthur Cheong reveals how he fell victim to a social engineering attack.

22 March, 2022

Earlier today, Arthur Cheong, founder of venture capital firm Defiance Capital, confirmed that he lost $1.7 million worth of NFTs in a hot wallet hack.

A few hours later, Cheong took to twitter to reveal the root cause of this massive hack.

DeFiance Capital founder tweeted that the hacker used a 'spear phishing' email to deploy malware on his device, which compromised the seed phrase of his crypto wallet.

The hacker group reportedly linked to Lazrus is still active and is attacking crypto peeps, Arthur warned.

Arthur Cheong shared the wallet address that had been compromised and urged his followers to blacklist the address.

The stolen NFTs included - 17 Azuki, 5 CloneX, 2 Hedgies, and 33 Second Self. The hacker then immediately put these NFTs on sale on different marketplaces including OpenSea.

The stolen NFTs included - 17 Azuki, 5 CloneX, 2 Hedgies, and 33 Second Self. The hacker then immediately put these NFTs on sale on different marketplaces including OpenSea.