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It is unfortunate that the NFT world is often plagued with scam artists and hackers, some of which remain incredibly difficult to track down. This makes it even more remarkable that the Binance security team has caught a criminal behind an NFT hack from last year.
This news was shared by Binance CEO Chanpeng Zhao in a January 17, 2023 Twitter thread.
To Catch a Hacker
As Zhao explained, this whole saga began last year when Yılmaz Aslantürk, a prominent Turkish artist, had their NFTs stolen.
last year, this famous artist in Turkey started NFTs on OpenSea got hacked. Binance security team took note of it and identified a suspect.
After communicating with the suspect for months, they finally admitted to stealing the money and agreed to return the funds.
Stay #SAFU. https://t.co/qaoOZ36SiG
— CZ 🔶 Binance (@cz_binance) January 17, 2023
Zhao also said that the Binance team got in touch with the criminal and conversed with them for several months. Eventually, they admitted to stealing the assets and agreed to return the money. Responding to another Twitter user, Zhao was quick to clarify that Binance is not in a partnership with OpenSea but simply tries to help if it identifies a suspect in any theft.
This news came as a relief to Aslantürk, who publicly thanked the Binance team for the recovery of the assets. It will also come as a relief to NFT users who can have a bit more faith in the industry.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
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