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4 NFTs Stolen From Crypto Entrepreneur Jason Falovitch Worth $150k

4 NFTs Stolen From Crypto Entrepreneur Jason Falovitch Worth $150k

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As hackers continued to target significant non-fungible token (NFT) holders, four NFTs estimated to be worth at least $150,000 were stolen from crypto entrepreneur Jason Falovitch, founder of Leverage Game Media and business partner of billionaire Mark Cuban.

“I got hacked last night @opensea. Monkeys, drawings, etc. It’s not pretty. Don’t buy any of this or anything else from my wallet, Falovitch tweeted on September 25.

The accompanying screenshot suggests that the businessman lost control of one Bored Ape Yacht Club NFT, a Mutant Ape Yacht Club token, and two Doodle NFTs, #5260 and #1404.

Mutant and Bored Apes both sold again for ETH 15.99 and ETH 82.69, Industry site Web3isgoinggreat.com reported.

“Based on Doodle’s floor prices, the hacker expects a profit of at least $150,000,” according to the site. “However, the loss is greater for Falovitch, who spent about $377,000 on four NFTs based on the price of ETH at the time of purchase.”

The entrepreneur added that the latest attack via the OpenSea marketplace has brought the total value of NFTs and ethereum (ETH) stolen from him to over $1 million.

August 2022 report blockchain analysis company Chainalysis notes that some forms of cryptocurrency-based crime, including hacking and asset theft, have so far increased in 2022, a tumultuous year for the crypto industry.

“By July 2022, $1.9 billion worth of cryptocurrencies have been stolen in service breaches, compared to just under $1.2 billion in 2021,” according to Chainalysis.



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