Hackers Exploit Matt Furie’s NFT Projects with Over $1 Million Loss
The post Hackers Exploit Matt Furie’s NFT Projects with Over $1 Million Loss appeared on BitcoinEthereumNews.com.Key Points: Matt Furie’s NFT projects, including Replicandy and Peplicator, hacked; over $1 million loss reported. ZachXBT traced hackers to mis-hired North Korean IT personnel. Funds flowed to exchanges like MEXC. In mid-June 2025, NFT jobs associated with Pepe creator Matt Furie suffered a cyberattack, attributed to mis-hired North Korean IT personnel. These hackers took contract authority of Furie’s jobs, leading to over $1 million losses. Analyst ZachXBT highlighted the attack came from North Korean IT workers mis-hired as designers, impacting projects like Replicandy and Peplicator. Flooring costs for these NFTs dropped to no, showing prospective vulnerabilities in freelance contracting. NFT Cybersecurity Breach: Over $1 Million in Losses Reported ZachXBT publicly identified the involvement of North Korean IT workers in the attack. The hackers exploited their positions to presume control of the NFT agreements, directly impacting Furie’s ChainSaw platform. Unauthorized minting crashed NFT collection floor prices. The approximated loss exceeded $1 million. NFT prices plummeted as an outcome of this breach. The attack mainly affected Ethereum and NFT assets linked to Matt Furie’s tasks, with ChainSaw-related losses approximating $310,000. This event has reignited discussions on more stringent security measures and better vetting procedures for employing within the tech industry. “Multiple projects tied to Pepe developer Matt Furie & ChainSaw along with another task Favrr were made use of in the past week which led to ~$1M stolen. My analysis links both attacks to the very same cluster of DPRK IT employees who were likely unintentionally hired as designers.”– ZachXBT, On-chain Detective, Source Historic Context, Price Data, and Expert Analysis Did you know? North Korean hacking collectives, such as the Lazarus Group, have a history of carrying out cyberattacks on crypto firms, consisting of the 2022 Axie Infinity’s Ronin Bridge exploit, demonstrating continuous threats to digital possession security. According to CoinMarketCap, Ethereum’s cost is $2,421.73, …
