Cryptocurrency [loss] $92,000

"Crypto Investors Buy 40 Acres of Land in Wyoming to Build Blockchain City"

2022-01-10 [vendor] CityDAO Discord [chain] ethereum
Primary Source ↗
Financial Loss $92,000 (92,000 USD)
Blockchain(s) Ethereum

Incident Details

Crypto investors who bought 40 acres of land in Wyoming in hopes of “building a city on the Ethereum blockchain” lost more than $92,000 to a Discord hack. Some clever social engineering and questionable security measures on Discord’s part allowed scammers to gain control of a CityDAO Discord moderator’s account, then send out fake announcements about a fake “land drop”. The scammer received over 29.67 ETH (about $92,000).

Total loss estimated at $92,000.

Technical Details

Initial Attack Vector
Social engineering attack
Vendor / Product
CityDAO Discord

Timeline

  1. 2022-01-10 Breach occurred
  2. 2022-01-10 Publicly disclosed