Crypto hacks and scams of recent times have devised various methods to steal money from customers. This hacking frenzy is about to archive an unsolved rip-off. On Monday, a $4 million cryptocurrency hack linked to the Web3 metaverse sports venture Webaverse was made public on Twitter.
An unnamed developer made this hack public by releasing a letter from the venture’s co-founder Ahad Shams. This letter depicted the tragic exercise from the co-point founder’s of view. The event’s chronology began with the scammers’ theft initiation in a hotel foyer in Rome in late November 2022.
Scammers Posing as Buyers
As one of many direct victims, Webaverse co-founder Ahad Shams revealed the entire story in the letter. Notably, this hack occurred during a customer meeting in a hotel lobby. The sufferer, the Webaverse staff, and the scammers, disguised shoppers, had an “IRL assembly” after months of debate. According to sources, the scammers demanded the IDs of Webaverse members for KYC functions.
During the meeting, the scammers demanded that Webaverse employees share “proof-of-funds” by wiring cryptocurrency funds into a Belief Pockets account. According to reports, a USD 4 million Coin (USDC) was stolen from this Webaverse Belief Pocket.
According to the letter, the “personal firm, not a DAO,” filed a report with the local police in Rome and the FBI, demanding an immediate investigation. Webaverse also approached standard crypto investigators such as “@wassilawyer” and outstanding companies to figure out how the hack occurred. Webaverse is skeptical due to the months of delay in reporting the lack of funds.
Webaverse believes that either personal key leakage or public WiFi exposure could have been the root cause of this hack. As a result, the staff is awaiting a thoroughly analyzed report from Belief Pockets to decipher the precise behind-the-scenes of this hack. The investigator, Wassilawyer, revealed that the scammers associated with this hack are interested in various crypto tasks.