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- On Friday morning, one of the most unusual hacks in NFT history occurred, a front-end vulnerability that resulted in a tense standoff involving miso soup, Kia Sedonas, and threats to bring in the FBI
- After talks with the exploiter, a developer who goes by the moniker Eratos, the money was refunded on Friday morning
- Also, unclear whose responses were part of the used-car salesman role-play and which reflected the developers’ true sentiments, who sounded delirious at times following the events of the previous 24 hours
On Friday morning, one of the most unusual hacks in NFT history occurred, a front-end vulnerability that resulted in a tense standoff involving miso soup, Kia Sedonas, and threats to bring in the FBI. However, in the end, a cult non-fungible token (NFT) initiative triumphed, not only recovering the stolen cash but also firmly putting itself in the limelight in a field where mindshare is frequently scarce.
SushiSwap Chief Technology Officer Joseph Delong stated on Thursday night that an exploit had stolen 864.8 ETH ($2.93 million) from an NFT drop on the Miso auction platform. The Jay Pegs Auto Mart drop gave out DONA tokens that could be exchanged for Kia Sedona-styled NFTs. The coders posing as used-car sellers have created a cult following for the drop, which is an elaborate performance packed with tongue-in-cheek Midwestern flavor.
After talks with the exploiter, a developer who goes by the moniker Eratos, the money was refunded on Friday morning. Although Eratos has subsequently sent a perplexing tweet distancing himself from the breach, sources have confirmed that he is the perpetrator.
The discussions were akin to a financial hostage scenario from a disgruntled Sushi employee, according to the team behind the Jay Pegs initiative, NGMI.global, which a team member confusingly referred to as the evil parent-subsidiary of Jay Pegs Auto Mart. However, it was difficult to tell who was saying what during a wide-ranging interview with self-described middle management representative BasedMoneyGod, Senior Vice President McGhoul, Sales Guy #2, and an unnamed fourth team member who joined and left the interview at various points but identified himself as an Amazon Prime member.
Also, unclear whose responses were part of the used-car salesman role-play and which reflected the developers’ true sentiments, who sounded delirious at times following the events of the previous 24 hours. The assault was planned and executed long before the sale began, according to another Sales Guy, and NGMI after the transaction was completed.
Given that the exploit could have been used on any Miso sale, Eratos’ choice of the DONA drop is puzzling. Miso has hosted more than $350 million in sales. BasedMoneyGod stated, He felt the sale was going to be so fantastic, he thought it was going to be great, so he wanted to exploit that one especially. It was supposed to be the greatest NFT drop in the history of NFTs, so of course, he’ll want to take it. In these days of NFT enthusiasm, a decrease of a little over 850 ETH is not unheard of.
The exploiter was regarded with a combination of respect and contempt by the crew. He entered the code into the UI (user interface), and the monies were transferred to his account. One coder said It was actually sort of smart. This reporter couldn’t tell which was which.
Given the sophistication of the attack vector, the team voiced regret throughout the interview that the hack was not more effective. They also suggested that siphoning off a little portion of every Miso sale would have made more sense, using a plot from the 1999 cult film Office Space. However, Eratos, whose GitHub profile is highly self-promotional and contains easily identifiable information, was sloppy with his operational security, and the team quickly doxxed him terms referring to how people maintain their anonymity online and uncovering the real-life information hidden behind an online persona, respectively.
Tags: NFT, Eratos, Sushi.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
