IT hackers infiltrate crypto projects, steal $1 million

June 28, 2025

, By Cointelegraph

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Hackers posing as legitimate information technology (IT) workers who have infiltrated Web3 projects have stolen roughly $1 million in crypto during the past week, according to onchain investigator and cybersecurity analyst ZackXBT.

Several entities were impacted including Favrr, a Web3 fan-token marketplace, non-fungible token (NFT) projects Replicandy and ChainSaw, along with other teams the onchain sleuth did not name in his Friday X data-ct-non-breakable=”null” href=”https://x.com/zachxbt/status/1938598925004607629″ rel=”noopener nofollow” target=”_blank” title=”null”>post.

The hackers exploited the minting mechanism for the NFT projects, minting mass quantities of NFTs, selling…

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IT hackers infiltrate crypto projects, steal $1 million

June 28, 2025

, Published By Cointelegraph

Hackers posing as legitimate information technology (IT) workers who have infiltrated Web3 projects have stolen roughly $1 million in crypto during the past week, according to onchain investigator and cybersecurity analyst ZackXBT.

Several entities were impacted including Favrr, a Web3 fan-token marketplace, non-fungible token (NFT) projects Replicandy and ChainSaw, along with other teams the onchain sleuth did not name in his Friday X data-ct-non-breakable=”null” href=”https://x.com/zachxbt/status/1938598925004607629″ rel=”noopener nofollow” target=”_blank” title=”null”>post.

The hackers exploited the minting mechanism for the NFT projects, minting mass quantities of NFTs, selling…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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