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In a shocking turn of events, the peer-to-peer trading platform NFT Trader fell victim to a significant security breach on December 16. This incident led to the theft of millions of dollars worth of non-fungible tokens (NFTs), including high-profile collections like Bored Ape Yacht Club and Pudgy Penguins.
While the attack, marked by a phishing scam, has sent ripples through the NFT community, raising concerns about the security of decentralized platforms, Everlodge, a new platform offering fractionalized real estate NFTs is making waves.
The NFT Trader breach
The breach at NFT Trader resulted in the unauthorized access and theft of iconic NFT collections. At least 13 Mutant Ape Yacht Club (MAYC) tokens and 37 Bored Ape Yacht Club (BAYC) tokens were among the pilfered assets, alongside losses from VeeFriends and World of Women NFTs.
The attackers targeted old smart contracts, exploiting vulnerabilities introduced by recent upgrades. Shockingly, the heist was accompanied by public messages from the assailants, claiming to be “picking up residual garbage” and demanding a 10% bounty in Ether (ETH) for the return of their NFTs. The attackers also used a wallet flagged for a phishing scam, adding a layer of complexity to the incident.
Amid the chaos, an unexpected twist emerged when Boring Security DAO emerged with news that it had recovered the stolen NFTs and that they were in their custody and required victims to open a ticket on their discord.
All 36 BAYC and 18 MAYC that the exploiter had are now in our possession.
We sent her 10% of the floor price of the collections as bounty. We will be working with the affected victims getting them back to them free of charge.
Right after this coffee break…
Victims please…
— Boring Security (@BoringSecDAO) December 17, 2023
Everlodge revolutionizes NFT space with fractionalized real estate
As the NFT community grapples with the aftermath of security breaches, Everlodge emerges as a promising alternative.
Everlodge, a property marketplace operating on the blockchain, is set to revolutionize NFTs. The platform uniquely allows users to digitize and mint Hotels and luxury villas as NFTs. This innovative approach opens up new opportunities for NFT enthusiasts to invest in fractional ownership of premium properties.
The platform allows users to fractionalize and invest in high-value properties, presenting an exciting avenue for real estate enthusiasts to engage with the NFT space. The Everlodge ecosystem, encompassing a marketplace, launchpad, rewards club, and lending features, provides a comprehensive platform for users.
Moreover, Everlodge is currently in its presale, offering a chance for users to participate in this disruptive platform combining fractional vacation home ownership with cutting-edge NFT and blockchain technology.
Notably, the ongoing presale of the $ELDG token adds to the excitement, with features like discounts, rewards, and staking opportunities for token holders.
Everlodge presale details and future prospects
Everlodge’s $ELDG token, built on the Ethereum chain, boasts features such as discounts on property purchases, rewards like free nightly stays, and staking for fixed monthly interest.
The project has implemented a Dynamic pricing model during the presale, anticipating a 280% price increase, culminating in a 30x rally on the launch day. With team tokens locked, liquidity pool secured, and a fully audited smart contract, Everlodge positions itself as a trustworthy player in the evolving NFT landscape.
As the NFT market navigates challenges, Everlodge’s unique approach to fractionalized real estate and blockchain technology offers a glimpse into the potential future of NFTs. The platform’s integration of traditional real estate investment models with the flexibility of NFTs creates a synergy that sets it apart. Everlodge’s commitment to user control and security aligns with the growing demand for reliable and innovative solutions within the NFT ecosystem.
The post BAYC and MAYC stolen in NFT Trader hack returned; does this real estate NFT platform offer a better opportunity? appeared first on Invezz
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