Hacker steals $1.7 million in NFTs from DeFiance Capital founder Cheong

Quick Take

  • Arthur Cheong, founder of DeFiance Capital, said on Twitter that a hacker has stolen his NFTs.
  • The venture capitalist said the unknown hacker compromised his device using a technique known as spear phishing.

Arthur Cheong, founder of DeFi and web3-focused venture capital firm DeFiance Capital, lost more than one million dollars worth of non-fungible tokens (NFTs) in a hack today.

Around 12:50am UTC today, an unknown hacker began draining NFTs from an Ethereum wallet owned by Cheong. Cheong himself later confirmed the hack with statements posted on Twitter.   

Security firm PeckShield estimated