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Barnebys Magazine

LatestEditor's picksTopics
Magazine/Works of art/Hackers Steal Over $400K from Beeple Followers

Hackers Steal Over $400K from Beeple Followers

A Twitter scam led to the loss of hundreds of thousands of dollars worth of NFTs and cryptocurrencies.

May 25, 2022Gritta von Toll
Left: Mike Winkelmann aka Beeple, 2020. Photo via Wikimedia Commons (https://creativecommons.org/licenses/by-sa/4.0/).  Right: Beeple's "Everydays: The First 5000 Days" became the most expensive digital artwork at auction in 2021. Photo © Christie's

Left: Mike Winkelmann aka Beeple, 2020. Photo via Wikimedia Commons (https://creativecommons.org/licenses/by-sa/4.0/). Right: Beeple's "Everydays: The First 5000 Days" became the most expensive digital artwork at auction in 2021. Photo © Christie's

"Ugh we'll that was fun way to wake up" tweeted Mike Winkelmann, also known as Beeple, last Sunday. What happened?

The digital artist's Twitter account was hacked on May 22 by scammers, who posted two tweets under his name with links to a fake raffle that allegedly offered a chance to win digital artworks that Beeple had created with Louis Vuitton. The hackers had obviously done their homework, as Beeple's actual collaboration with the French luxury label in 2019 lent credence to the whole thing.

Related: Digital Art Makes History at Auction

The phishing links led to fake websites that stole valuable NFTs and cryptocurrencies from Beeple followers. Via the first link, the criminals stole Ethereum (units of the second largest crypto system after Bitcoin) worth around $73,000, while the second link stole a total of $365,000 in NFTs and cryptocurrencies.

Related: The 10 Most Expensive Living Artists

The hackers controlled Beeple's Twitter for several hours before he was able to recover his account. Once he got his account back, Beeple warned his fans not to fall for such promises that sound "too good to be true".

For more art world news check out Barnebys Magazine!

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About the author

Gritta von Toll

Gritta von Toll is the German Editor at Barnebys Magazine. She completed studies in pre- and early history and archaeology, and since 2015, after a short detour into the world of advertising, she has worked at Barnebys, where she immerses herself in art history in order to bring bygone epochs closer to today's readers.

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Gritta von Toll

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