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NFT-Seven Treasures collection collapsed amid hacking of LiveArtX wallet

Posted on December 3, 2022December 12, 2022 By mof2018

Representatives of the NFT platform LiveArtX reported the theft of its official wallet.

“We are doing everything possible to solve the problem of a compromised wallet. We will keep the community up to date with the news,” the project wrote on Twitter.

Against the background of the publication, the capitalization of the Seven Treasures NFT project, hosted on LiveArtX, collapsed by 53% per day, according to NFTGo. The minimum price of the collection tokens fell by 83% in 24 hours, to 0.2 ETH.

At the same time, the trading volume of Seven Treasures soared by 612%

Which indicates mass sales of non-interchangeable tokens of the project.

Earlier, artist Mike Winkelmann (Beeple) reported the hacking of a URL link to his official Discord server. During the transition, users were redirected to a fraudulent channel.

Recall, according to Elliptic analysts, in the 12 months from July 2021, attackers stole NFT worth more than $100 million as a result of fraud.

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