ZachXBT: Hacker Loyalist has stolen more than $4 million of cryptocurrency and NFT since the beginning of 2022

According to reports, Zach XBT, an online data analyst, said that since the beginning of 2022, Loyalist/Lukas/Shibango has stolen cryptocurrency and NFT worth more than $4 million by running phishing fraud on Twitter and cooperating with other known phishing fraudsters. Zach XBT said that 1741 NFTs were found stolen by Loyalist and 416 independent victims were observed.

ZachXBT: Hacker Loyalist has stolen more than $4 million of cryptocurrency and NFT since the beginning of 2022

Interpretation of this information:

The world of cryptocurrency and NFT has once again been hit by a major phishing attack, and in this latest incident, more than $4 million worth of digital assets have been stolen. Zach XBT, a well-known online data analyst, reported that the attacker in this instance was a group called Loyalist/Lukas/Shibango, who used various sophisticated phishing techniques to defraud unsuspecting victims.

According to Zach XBT, the fraudsters used Twitter as a platform to reach out to potential victims, offering various incentives to lure them into their trap. The group coordinated the attacks by working closely with other known phishing fraudsters, further complicating the investigation.

The stolen assets included both cryptocurrencies and NFTs, with the former being a highly sought-after commodity owing to its rapid growth and high-value potential. NFTs, on the other hand, represent unique digital assets or moments, such as artwork or sporting events.

The sheer scale of this phishing attack is staggering. The fact that 1741 NFTs were stolen, in addition to the numerous cryptocurrency holdings, proves that the fraudsters had a well-planned and coordinated strategy. Furthermore, the fact that 416 independent victims were affected means that the group had a broad reach, targeting as many individuals as possible.

The loss of more than $4 million can have serious consequences for anyone who was a victim of this phishing attack. However, it is heartening to note that efforts are being made to expose the attackers behind this heist. Zach XBT’s report is an important step in identifying those behind the scam and bringing them to justice.

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