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Hong Kong NFT project Monkey Kingdom loses $1.3M in phishing hack, launches compensation fund

On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community’s crypto funds through a security breach on Discord.  According to its developers, the hack first occurred with the breach of Grape, a popular solution for verifying users on Solana. Hackers then used the exploit to take over an administrative account, which posted a phishing link in the Monkey Kingdom Discord’s announcement channel. Users who followed the link connected their wallets expecting they would receive an NFT but instead were drained of their SOL tokens by the scammer. Announcement on the discord hack pic.twitter.com/1r7svjlZcB — Monkey Kingdom (@MonkeyKin...

Steve Aoki Will Take to the Metaverse Jungle to Headline Monkey Kingdom NFT Event

Only Steve Aoki has the energy to stir a band of raving apes into a frenzy, and with his new partnership alongside the Monkey Kingdom NFT collection, that’s precisely what he’s going to do. Aoki has been slated to headline the Monkey Kingdom Christmas Party, which will take place in the Cryptovoxels digital metaverse. Aoki has become one of the foremost purveyors of NFTs in the electronic dance music landscape. He’s also a known fan of ape-themed projects specifically, given that he possesses an astounding seven collectibles from the famed Bored Ape Yacht Club. For obvious reasons, Monkey Kingdom has been compared to the iconic BAYC series, and just last month the collection went live with the launch of 2,222 monkey avatars. According to a press release, the artwork ...