Stories of traders being scammed for their non-fungible tokens (NFTs) were quite common at the height of the digital collectibles craze. However, in an interesting turn of events, the Solana community banded together to “scam” a scammer in order to recover some stolen NFTs.
It all started with the hacking of the Discord channel of the cross-chain game development studio, Uncharted NFT, where the scammers managed to empty the wallets of 109 users. Scammers took more than 150 tokens SOL and 25 World of Solana (WOS) Collection NFTs, including three rare and highly valuable digital collectibles.
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It all began when @UnchainedNFT_ Discord got hacked two days ago.A hacker drained the wallet of 109 users for a total of 150+ $SOL.
The most affected person was a WOS whale with 25 WOS NFTs that got stolen.
This whale also owned 3 top 100 @MoonRankNFT WOS NFTs â¤µï¸ pic.twitter.com/R2PWe3gPMX
— World Of Solana {WOSup} (@worldofsolana) May 25, 2022
WOS is a collection of 2,222 unique heroines with the most expensive avatar currently valued at 123 SOL (USD 5,600). The current minimum price of the collection is 2.03 SOL.
Following the hack, the community decided to recover the stolen NFTs. The WOS team contacted their developer partner, who goes by “Cyberfrog” on Twitter, and increased the royalties on stolen NFTs to 98%, up from the default 5%.
The community was asked to keep an eye on Solana’s NFT marketplace, MagicEden, for any new listings. The scammer fell for it within two days, and the community managed to buy back 15 NFTs, while the other 10 were bought via sniping.
Sniping is a process of waiting until the last few seconds of an NFT auction to place a winning bid. This strategy is used to prevent other NFT bidders from placing a higher bid before the auction ends.
The community also managed to recover the other 10 NFTs and return the 25 NFT WOS to their rightful owner.
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Two days later, around 2am EST, the hacker listed the 25 WOS NFTs on @MagicEden.@WorldofSolana community managed to buy 15 and a sniper took the other 10.We sent a @FamousFoxFed DING to the sniper and he gladly accepted to cooperate. pic.twitter.com/3TCRnnZ4qQ
— World Of Solana {WOSup} (@worldofsolana) May 25, 2022
In the Twitter thread detailing the events of the hack and the community’s work to get it all back, community members are also asked to “always use a burn wallet and be careful when minting.” The small NFT community has managed to get revenge on scammers twice.
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