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Discord of Shiba Inu Food Chain Welly’s Breaks Down in Phishing Exploit -Breaking

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Discord of Shiba Inu Food Chain Welly’s Breaks Down in Phishing Exploit

Discord is a social messaging network that’s become home to a great many gamers, crypto projects, NFT startups, and other IT projects. Discord has seen a rise in server hacking that left many users without their money. The most recent incident involves the brand new Shiba Inu-themed restaurant chain Welly’s. Apparently, in the span of a 30 minutes attack, the Welly’s community lost NFTs, Land in the ‘SHIB: Metaverse’, and Shiboshis.

The Story of How It All Happened

Spam bots were used by hackers to hack into the server and send out large amounts of links to an ill-reputed NFT mining site. Upon entering the site, victims had their wallet information exposed, leading to funds in SHIB, Shiboshis, Land in ‘SHIB: the Metaverse’, and a vast number of NFTs being stolen.

The SHIB Army believed that the hack was not spontaneous, but was rather a targeted strike to acquire the wallets of SHIB holders interested in the Welly’s restaurant. They reason that it would be unlikely for a spontaneous phishing scam of this nature to have achieved such “success”.

Protective and growth breeds come to our rescue

Within 30 minutes of the first breach, the bots were removed from the server by the Defense and Growth Breeds of the local community. They quickly took action to reduce the damage. Many of those who were rightfully entitled to the Land and NFTs stolen were able get their digital assets back.

The official Shiba Inu Twitter (NYSE:) account cautioned that the full retrieval of lost assets could be a long process, writing: “This is going to be an active work in progress as there are many factors to look at regarding this because the RIGHTFUL owners of the NFTs flagged them on OpenSea. We are already in talks with OpenSea from this attack and working with them to mitigate the damage even more.”

Is there a drop in the ocean?

Thanks to the quick problem solving skills of the Defense and Growth Breeds, and the help of some Shiboshi Social Club members, the total damage caused by the phishing attack was limited to around 8-10 ETH, which converts to about $17,000 USD at today’s prices—a mild injury in relative terms, especially compared to the recent Discord hack suffered by the Bored Ape Yacht Club, which set the community back $360,000 USD.

Conclusion: Although Discord hackers operate more often and have a tendency to plan their attacks in advance, prevention efforts seem to be becoming more successful. Crypto community members are better equipped to recognize suspicious-looking links and avoid clicking them.

What You Need to Care About

Increased attention must be given to crypto communities about potential scams on social media.

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