05/01/2022 Thieves Steal Gallery Owner’s Multimillion-Dollar NFT Collection: ‘All My Apes Gone’

ape wearing a star studded helmet
Bored Ape Yacht Club, #9410, 2021Opensea

“I have been hacked. All my apes gone. This just sold please help me,” wrote gallery ownerTodd Kramer, of New York’s Ross + Kramer Gallery, in a since-deletedtweetposted on December 30.

A phishing scam had drained his Ethereum wallet of 15NFTsvalued at a total of $2.2 million, including four apes from the “Bored Ape Yacht Club” collection. The thief seemed to have sold off many of the pieces in Kramer’s collection, and Twitter users jeered at Kramer’s bad luck, pointing out that he had bet on an unregulated, decentralized system that would be unable to help him.

“Man If only there had been some kind of Regulating authority in place that could like Insure your investments against theft and fraud,” wrote one user with the handle @anarchy_shark.

But in the end, an authority did come through. With the help of the buyers and the NFT platform OpenSea, Kramer was able to get back several of his NFTs. Five hours after his original post, he wrote, in a tweet that has also since been deleted, “Update.. All Apes are frozen,,. Waiting for opensea team to get in,,,lessons learned. Use a hard wallet…”

OpenSea’s involvement sparked major controversy, with some alleging that NFTs could not truly be decentralized if it had “frozen” some, rendering them unsellable on the platform. Others pointed out that OpenSea had only frozen user’s ability to interact with the NFT through that one site alone—they could still be bought and sold elsewhere.

Neither OpenSea nor Kramer responded to requests for comment.

Phishing scams have become more frequent as NFTs have increased in value. However, most savvy users can protect themselves by using hard wallet, also known as a cold wallet, which is physical and only connects to the internet when plugged in and engaged. Kramer had been using a so-called hot wallet, which is continuously connected to the internet and thus more vulnerable.

More common than phishing scams, however, is theft of a different kind. Some people have begun making NFTs of art that they did not create, an issue for which no easy fix has yet been developed.

Arts

https://www.artnews.com/art-news/news/todd-kramer-nft-theft-1234614874/

Interesting NFTs
Gary Kasparov
Good day! I'm Gary Kasparov. In high school, I was voted school jock. Sometimes I daydream of a life full of eating lasagna, wet food, and playing chess. Can't wait to eat lasagna with you!
The Slabs
The Slabs - Prixel Art Animation "She looks tired and gone in thoughts. Her arm must have cost a fortune. Definitely Sisma Corp but I can't make out the exact model." - Simon Corley, 2084, New Harbor - Music by the amazing Brian Woods. Unlockables: - Endless Random Loop App. (PC/MAC) - HD VIDEO (approx. 2 mins) - Animated GIF - Wallpaper & Print Ready PDF Dimensions: Video [1920x1080] App [Adaptive] I will send a Download Link to the buyer after purchase.
ˈSÄ-V(Ə-)RƏN-TĒ
"I'm not smart enough to be an astronaut." That is what 7 year old Rayden told Micah the first time they met. How can a 7-year-old already feel limitations on his dreams? For centuries, the black community has been the target of a system designed to limit their power, their earning potential, their dreams. Now is your opportunity to help destroy the system. For the next 11 years, on each brother's birthday, (Rayden, Aug. 10/ Jacque Nov. 6), you the viewer, will be able to directly contribute Bitcoin to a wallet that will be given to each child upon turning 18. In what is one of the most powerful use cases for Bitcoin, 100% of your contributions and earnings will open all new doors for these special young men.
Ushibori in Hitachi Province, from the series Thirty-six Views of Mt. Fuji
Katsushika Hokusai (1760-1849) Ushibori in Hitachi Province, from the series Thirty-six Views of Mt. Fuji 1832 - Japan
Hell Riders
A still image NFT. Exclusive to makersplace. February 2020.