On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.three million of the community's crypto funds through a security breach on Discord.

According to its developers, the hack offset occurred with the breach of Grape, a popular solution for verifying users on Solana. Hackers then used the exploit to accept over an authoritative account, which posted a phishing link in the Monkey Kingdom Discord'due south announcement channel. Users who followed the link connected their wallets expecting they would receive an NFT but instead were drained of their SOL tokens past the scammer.

Tragically, the hack took identify when users were lining upward for the project'due south second driblet. The Monkey Kingdom consists of ii,222 algorithmically-generated NFTs centered around Sunday Wukong, otherwise known as "The Monkey King" in Chinese sociology. All proceeds from the initial sale of the NFTs were to go to a charity of choice, with the intent of supporting Asian communities worldwide. It was one of the virtually successful NFT projects to accept originated in Asia.

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One Twitter user, who goes past the proper name of "commenstar," claims to have lost 650 SOL, worth roughly $120,400, due to the scam. But all was not lost. The staff at Monkey Kingdom has set bated a bounty fund for victims and is on track to fully reimburse those affected. The timeline and procedure for distributing the funds has not yet been disclosed.

Phishing attacks are nothing new for the crypto industry. Over the past yr, scammers have been repeatedly targeting Discord users and exploiting the platform, itself, to orchestrate such NFT hacks.