In a shocking turn of events, peer-to-peer trading platform NFT Trader fell victim to a significant security breach on December 16. This incident led to the theft of millions of dollars in non-fungible tokens (NFTs), including high-profile collections such as Bored Ape Yacht Club and Pudgy Penguins.
While the attack, characterized by a phishing scam, has sent ripples through the NFT community, raising concerns about the security of decentralized platforms, Everlodge, a new platform offering fractionalized real estate NFTs, is making waves.
The NFT Trader Breach
The NFT Trader breach resulted in unauthorized access and theft of iconic NFT collections. At least 13 Mutant Ape Yacht Club (MAYC) tokens and 37 Bored Ape Yacht Club (BAYC) tokens were among the stolen assets, in addition to losses from VeeFriends and World of Women NFTs.
The attackers targeted old smart contracts and exploited vulnerabilities introduced by recent upgrades. Shockingly, the heist was accompanied by public posts from the attackers, in which they claimed to be “picking up trash” and demanding a 10% bounty in Ether (ETH) for the return of their NFTs. The attackers also used a wallet flagged for phishing, further complicating the incident.
Amid the chaos, an unexpected twist occurred when Boring Security DAO surfaced with news that it had recovered the stolen NFTs and that they had been taken into custody and that the victims had to open a ticket for their disagreement.
All 36 BAYC and 18 MAYC that the exploiter had are now in our possession.
We sent her 10% of the bottom price of the collections as a bonus. We will work with affected victims to return them free of charge.
Immediately after this coffee break…
Victims please…
– Boring Security (@BoringSecDAO) December 17, 2023
Everlodge is revolutionizing the NFT space with fractional real estate
As the NFT community grapples with the aftermath of security breaches, Everlodge is emerging as a promising alternative.
Everlodge, a real estate marketplace running on the blockchain, will revolutionize NFTs. The platform uniquely offers users the opportunity to digitize and mint hotels and luxury villas as NFTs. This innovative approach opens up new opportunities for NFT enthusiasts to invest in fractional ownership of premium properties.
The platform allows users to fractionate and invest in high-value properties, providing an exciting opportunity for real estate enthusiasts to get involved in the NFT space. The Everlodge ecosystem, which includes a marketplace, launch pad, rewards club, and lending features, provides a comprehensive platform for users.
Additionally, Everlodge is currently in pre-sale, offering users the opportunity to participate in this disruptive platform that combines fractional vacation home ownership with cutting-edge NFT and blockchain technology.
In particular, the ongoing presale of the $ELDG token is adding to the excitement, with features such as discounts, rewards and staking options available to token holders.
Everlodge presale details and future prospects
Everlodge’s $ELDG token, built on the Ethereum chain, offers features such as discounts on real estate purchases, rewards such as free nights, and stakes for a fixed monthly interest rate.
The project implemented a dynamic pricing model during pre-sales, anticipating a 280% price increase, culminating in a 30x rally on launch day. With locked team tokens, secured liquidity pool and a fully audited smart contract, Everlodge is positioning itself as a reliable player in the evolving NFT landscape.
As the NFT market faces challenges, Everlodge’s unique approach to fractional real estate and blockchain technology offers a glimpse into the potential future of NFTs. The platform’s integration of traditional real estate investment models with the flexibility of NFTs creates a synergy that sets the platform apart. Everlodge’s commitment to user control and security aligns with the growing demand for reliable and innovative solutions within the NFT ecosystem.
The post BAYC and MAYC stolen in the NFT Trader hack have returned; Does this real estate NFT platform offer better opportunities? first appeared on Invezz