IT hackers infiltrate crypto projects, steal $1 million

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 post.

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