Proof Founder Kevin Rose Just Had Over $1M Worth of NFTs Stolen From His Wallet

By Sharan Kaur Phillora

The founder of the NFT project Moonbirds, Kevin Rose, lost at least $1 million in NFTs in a wallet exploit.  The Block identified the hacker’s address, which appears to have taken around 40 of Rose’s NFTs. 

Here’s what we know: 

A total of 40 NFTs were apparently taken from his krovault.eth wallet early Wednesday afternoon, including about 25 Chromie Squiggles from the Art Blocks project, as well as a valuable Autoglyphs NFT from original CryptoPunks creator Larva Labs. 

A Twitter user who goes by CirrusNFT first noticed the drain on 1:49 p.m. EST. Rose confirmed the hack himself on Twitter at 2:02 p.m. 

Rose confirmed the event via a tweet soon after speculation began circulating on Twitter.

“I was just hacked, stay tuned for details,” he tweeted. “Please avoid buying any Squiggles until we get them flagged (just lost 25) + a few other NFTs (an Autoglyph).”

The stolen assets have since been flagged by OpenSea, meaning they cannot currently be sold on that particular marketplace. However, that does not limit the ability to transfer the NFTs or try to sell them via another platform.

Luckily, Rose appears to have saved his most valuable NFTs by placing them in a separate vault. One such NFT includes a Zombie CryptoPunk (CryptoPunk #5066), of which there are only 87 other NFTs.

About the author

Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.

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