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Gaming

Moonbirds co-founder loses over $1M worth of NFTs in phishing scam

Kevin Rose, a co-founder of Moonbirds, said Wednesday afternoon that his Ethereum wallet had been hacked and valuable items worth more than $1 million had been stolen. Approximately 25 Chromie Squiggles from the Art Blocks project and a valuable Autoglyphs NFT from the original CryptoPunks creator, Larva Labs, were among the 40 NFTs stolen from his krovault.eth wallet. He confirmed the hack on Twitter, saying, "Stay tuned for details." He also warned his followers to avoid purchasing Squiggles for the moment. About two hours later, he tweeted again to express his gratitude for the outpouring of support. https://twitter.com/kevinrose/status/1618323487067869184After the attack, Rose moved some of his most valuable NFTs from the krovault.eth wallet. These include works of XCOPY and CryptoPunks. OpenSea has since flagged the stolen assets, rendering them unmarketable on the site. However, according to decrypt.co, this in no way prevents the NFTs from being traded or sold on another marketplace. https://twitter.com/CirrusNFT/status/1618320159743303683Per the Etherscan link, the 40 assets that were extracted are one Autoglyph, 25 Chromie Squiggles, one QQL Mint Pass, one Admit One pass from gmoney, one Cool Cat NFT, one The Currency NFT by Damian Hirst, one Quantum Key and a few OnChainMonkeys. The hacker snatched at least a million dollar worth of NFTs, based on the current floor price or the cheapest listed NFT from the most notable collections. However, some of the stolen NFTs may have a value much higher than the floor price. For instance, the current floor price of a single Chromie Squiggle is 13.3 ETH or equivalent to about $20,715. Right now, on OpenSea, an Autoglyph would cost 315 ETH or roughly $491,000 in today's currency exchange rates. https://twitter.com/CirrusNFT/status/1618320940143906821How the hack happened A thread published by PROOF VP of Engineering Arran "divergencearran" Schlosberg said that a phishing attack duped Rose into signing a malicious signature, which the hacker then used to "transfer a large number of high-value tokens." He explained that the scheme was a classic example of social engineering because it had tricked Rose into feeling safe when he wasn't. Schlosberg added that "the technical aspect of the hack was limited" to creating signatures acceptable by the OpenSea marketplace contract. https://twitter.com/divergencearran/status/1618359162551009281After the team found out what had happened, they tried to use Revoke Cash to prevent further theft. However, the hacker had already transferred many tokens from Rose's wallet. Schlosberg further clarified that PROOF's assets were unaffected and that Rose and their team "are considering all avenues, including legal." This meant they had communicated with OpenSea's anti-fraud team and the team at Ledger, a manufacturer of hardware wallets. https://twitter.com/divergencearran/status/1618359164174233602A crypto analyst, "0xfoobar," commented on the "technical aspect of the hack." They said Rose had authorized a contract on the OpenSea marketplace to move all his NFTs, They recommended that everyone transfer their assets out of the vault and into a dedicated "selling" wallet before listing on NFT marketplaces to avoid a similar hack. https://twitter.com/0xfoobar/status/1618321915172786177Another on-chain expert going by the pseudonym "0xQuit" suggested OpenSea users "run away" from any website that pressures them to sign something unfamiliar. According to a transaction map posted to Twitter by on-chain analyst ZachXBT, the stolen assets were sent to FixedFloat, a cryptocurrency exchange on the Bitcoin layer 2 Lightning Network. After that, the hacker converted the money into Bitcoin $BTC and put it into a Bitcoin mixer. https://twitter.com/0xfoobar/status/1618328914119790594Crypto community's reactions Commenting on Twitter, Degentraland said it was the "saddest" thing they had seen in the crypto world to date before adding, "if anyone can come back from such a devastating exploit, it's him." Meanwhile, Bankless co-founder Ryan Sean Adams was fuming at how easily Rose had been exploited. Adams tweeted that the best way to reduce the pervasiveness of scams like these is for front-end engineers to up their game and improve their user experience (UX). https://twitter.com/zachxbt/status/1618360113190031360Rose was the most recent victim of a series of high-profile hacks against prominent members of the Web3 community. RTFKT COO Nikhil Gopalani and NFT collector CryptoNovo had both earlier fallen victim to scammers, losing NFTs worth hundreds of thousands of dollars. https://twitter.com/CirrusNFT/status/1618322894626619392

The World of Gaming online

Take a closer look at online gaming with our guide to this global phenomenon

Gaming online has seen a massive increase in popularity over the last few years, largely down to the way that mobile phone technology has developed. The numbers of people who play online games has risen massively. Almost everyone you know, including people over the age of 40 who are not necessarily the first people who spring to mind when you mention online computer games, will have played some form of online game in the last few weeks.
This has been partly due to social media, of course, which provides accessible platforms where almost anyone can find games to play that suit their lifestyle and interests. Sports games have become very popular, while we have all heard about games like Candy Crush.
Other types of online computer games remain very popular with younger people who like to play online games. Massive multi-player online games, often referred to as ‘MMOs’, remain hugely popular. World of Warcraft, for example, has become a cultural phenomenon that extends far beyond people’s computer screens or gaming mobile phones and has spawned books, a movie and other cultural products.
Here, we will take a closer look at the world of gaming online and at some of the gaming trends associated with it.

What is gaming online and how do you get started?

Even if you have no interest at all in the digital world or technology, the chances are pretty high that you will have heard of online gaming. It is, of course the act of playing games on the internet. There is tremendous variety in the number and types of games that you can play online nowadays, though. From retro arcade games, to intellectual puzzles, to role playing games, to traditional board games like Scrabble, you really can play almost anything you want online these days.
According to Juniper Research’s published white paper, the numbers of people who now play online games regularly is huge. The Newzoo 2018 Global Games Market Forecast stated that mobile gaming  and mobile games has been raising online casino revenue. The proportion rose from 18% in 2012 to 51% by 2018. The Newzoo report also predicted that this trend will continue, and it expected gaming online to contribute up to 59% by 2021.
There are also significant geographical trends in the world of online gaming. In November 2018, China made up almost 28% of global mobile gaming revenue, according to tech website iWeb. Japan is another country which makes a massive contribution to the wealth generated by gaming online. A big role in this is played by the way that gamers in Asia have moved away from their computer screens in recent years and started to use gaming mobile phones.

Online gaming and esports betting

It is possible now to pick up skins during online gaming which can be used to bet on esports. Skins are items that improve the cosmetic appearance of your character in some online games. They do not usually have any effect on the actual gaming performance of the character. They are a particular feature of games like Counter Strike: Global Offensive and Defense of the Ancients 2.
Gamers soon found another use for these skins as competitive esports grew in popularity over the last decade. As esports became more popular, increasing numbers of people wanted to bet on the matches and events for games like CS:GO, Dota2 and the International tournament.
While the betting companies were lagging behind demand, many gamers started betting using the skins that they had collected from their own gaming activities. This allowed gamers to use their skins as a kind of cryptocurrency for betting.
It is also possible to sell skins for real money, something that means successful esports skins bettors can actually make some genuine profit from their betting. It will be interesting to see how the concept of skin betting develops in the online computer games world in the years to come.

Highlights

While we have not been able to cover the entire vast breadth of the topic of gaming online in this article, you now have a snapshot picture of this vast phenomenon. As 5G technology develops and becomes more widespread, we are sure to see more new and exciting developments in the world of online gaming. More powerful, faster gaming mobile phones are sure to arrive on the market too.
As the number of games to play increases new gaming trends are sure to emerge in the years to come, especially with the advent of 5G. Concepts such as virtual reality are sure to have an impact too, especially on the world of esports and esports betting. It is an interesting time to be alive for all fans of online gaming across the world!

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