<ul data-eligibleForWebStory="true"><li>NFT projects lost around $1 million in crypto when hackers posed as IT insiders and exploited minting systems.</li><li>The attackers joined development teams under false identities, rapidly minted tokens, crashed prices, and cashed out before being detected.</li><li>Favrr, Replicandy, and ChainSaw were among the projects hit, with the thieves swiftly dumping tokens and stealing funds.</li><li>The stolen crypto remains in wallets, making it challenging to trace and freeze the funds as they move through exchanges.</li></ul>

NFT Theft: Fake Insiders Posing As IT ‘Experts’ Rack Up $1 Million–ZackXBT

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