Twitch Co-Founder Justin Kan’s Discord Server hacked, leads to $150,000 NFT Scam

Justin Kan's NFT marketplace faces it's first major scam barely a week after launch

Fractal was a new NFT marketplace in the Gaming Industry, which was launched last week by Justin Kan, the co-founder of Twitch, and it’s meant to be a site where players can buy and sell in-game items on the blockchain in the form of Non-Fungible Tokens (NFTs). However, in an unfortunate turn of events, a hacker managed to gain access to the Fractal Discord server posing as a bot with a link advertising a drop of NFTs to be sold. The scammers managed to get Twitch co-founder Justin Kan’s Discord server hacked which led them to sell 3,294 NFTs resulting in the NFT-selling platform being scammed for around $150,000.

373 members scammed, $154,000 stolen from users as Justin Kan’s Discord Server gets hacked

It all started when a hacked discord server bot dropped a link for 3,333 new NFTs, each priced at 1 Solana ($177). A little more than 370 unsuspecting members clicked on the link that redirected to “fractai” instead of Fractal and 3294 of the NFTs were “sold” although none of the members actually received anything after they paid for the product.

Twitch co-founder discord hacked
Twitch co-founder Justin Kan’s discord server hacked

Once the Fractal team came to know, they announced a warning and confirmed that the server had been scammed. In a statement regarding the matter, they said,

Dear Fractal community, earlier today, approximately 373 of our community members fell victim to a scam posted on our Discord. We are sorry. We are going to make this right. The hacker made out with ~800 sol (~$150,000) by managing to post a fake mint link in our #announcements channel. With over 100,000 members in our community, it’s quite impressive that the hacker only managed to dupe .3% of our community

Statement from Fractal team

So although quite a lot of money has been lost, the members will be reimbursed as Fractal is taking responsibility for the hack. Overall, this is a very good example of why collectors should be careful with what they’re buying as the hackers in this case made off with quite a large amount.

What are your thoughts on Twitch co-founder Justin Kan’s Discord Server hacked? Drop your opinions in the comments!

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