Arthur Cheong, Founder of DeFiance Capital, Loses More Than $1.6M in a Hot Wallet Hack — Derev Blog

‍ DeFiance Capital founder lost all the crypto and NFTs in one of his hot wallets.

‍It’s suspected that the attack was caused by a phishing mail.

Quick take:

• The crypto community is supporting Arthur to help retrieve the lost assets.
• However, the hackers have already sold some of the stolen NFTs on OpenSea.

The founder of DeFiance Capital, Arthur Cheong, is the recent victim of a hot wallet attack. The hack resulted in a loss of over $1.6 million in crypto and NFTs.

The crypto community has shown massive support, assisting Arthur in retrieving his assets. The hacker’s wallet was also requested to be blacklisted.

An NFT community member named “Cirrus” decided to help Arthur out. He purchased two of the stolen Azuki NFTs and agreed to sell them to Arthur at cost.

The stolen assets from Arthur’s wallet include…

• 68 WETH (~$204,000) ,
• NFTs, including 17 Azuki’s, sold below floor price at 10 ETH to 50 ETH and cashed out a total of 223 ETH (~$669,000)
• 5 CloneX, with one sold at 12 ETH