Arthur Cheong, founder of DeFi and web3-focused venture capital firm DeFiance Capital, lost over $1.7 million worth of non-fungible tokens (NFTs) in a hack today.
Around 00:50 UTC today, an unknown hacker started draining NFT from an Ethereum wallet belonging to Cheong. Cheong himself later confirmed the hack with statements posted on Twitter.
Overall, the aggressor wallet currently holds approximately 585 ETH ($1.7 million) that traces back to Cheong’s wallet. The sum may still increase because the hacker always seems to be transferring funds, according to Cheong.
