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	<title>Nifty Gateway &#8211; Crypto Market Insights: Dive In with CryptoUpdate.io</title>
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		<title>Social cryptocurrency platform Roll gets hacked over the weekend</title>
		<link>https://cryptoupdate.io/2021/03/16/social-cryptocurrency-platform-roll-gets-hacked-over-the-weekend/</link>
					<comments>https://cryptoupdate.io/2021/03/16/social-cryptocurrency-platform-roll-gets-hacked-over-the-weekend/#respond</comments>
		
		<dc:creator><![CDATA[Anna B.]]></dc:creator>
		<pubDate>Tue, 16 Mar 2021 12:51:07 +0000</pubDate>
				<category><![CDATA[cryptocurrency]]></category>
		<category><![CDATA[cryptocurrency hack]]></category>
		<category><![CDATA[CyberScoop]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[Ether]]></category>
		<category><![CDATA[Finance Magnates]]></category>
		<category><![CDATA[Finaria]]></category>
		<category><![CDATA[hacking]]></category>
		<category><![CDATA[NFT]]></category>
		<category><![CDATA[NFTs]]></category>
		<category><![CDATA[Nifty Gateway]]></category>
		<category><![CDATA[PICA]]></category>
		<category><![CDATA[RARE]]></category>
		<category><![CDATA[Roll]]></category>
		<category><![CDATA[social cryptocurrency]]></category>
		<category><![CDATA[Uniswap]]></category>
		<category><![CDATA[WHALE]]></category>
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					<description><![CDATA[<p>Social cryptocurrency platform Roll confirmed a hack that happened over the weekend. Roll is a platform that allows creators to mint and distribute their social tokens. According to Finance Magnates, hackers stole about $5.7 million worth of social crypto, which sent the price of tokens like WHALE, RARE, and PICA down following the hack. The [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2021/03/16/social-cryptocurrency-platform-roll-gets-hacked-over-the-weekend/">Social cryptocurrency platform Roll gets hacked over the weekend</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Social <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> platform Roll confirmed a <a href="https://cryptoupdate.io/tag/hacking/" target="_blank" rel="noreferrer noopener">hack </a>that happened over the weekend. <a href="https://tryroll.com/" target="_blank" rel="noreferrer noopener nofollow">Roll</a> is a platform that allows creators to mint and distribute their social tokens. According to Finance Magnates, <a href="https://www.financemagnates.com/cryptocurrency/news/social-cryptocurrency-coins-dropped-after-hackers-attacked-roll/" target="_blank" rel="noreferrer noopener nofollow">hackers stole about $5.7 million</a> worth of social <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a>, which sent the price of tokens like WHALE, RARE, and PICA down following the hack.</p>



<p>The source says, citing an official announcement from the company, that hackers stole the funds from Roll&rsquo;s hot wallet on March 14. Moreover, after moving the funds from the wallet, hackers sold them for Ether using Uniswap.</p>



<p>Reportedly, the <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> hack of Roll was not the only one that took place this weekend. According to CyberScoop, <a href="https://www.cyberscoop.com/nft-nifty-gateway-hackers-digital-art-theft/" target="_blank" rel="noreferrer noopener nofollow">users of Nifty Gateway had NFTs stolen from their accounts</a>. The source says hackers accessed the victims&rsquo; accounts and stole artwork, while someone also reported that their credit card was used after the account hack. <a href="https://niftygateway.com/" target="_blank" rel="noreferrer noopener nofollow">Nifty Gateway</a> is a platform that enables individuals to own, buy, sell, and trade digital items on a blockchain.</p>



<p>The losses from <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> crime totaled $1.9 billion in 2020, <a href="https://www.finaria.it/pr/crypto-criminals-stole-1-9b-in-2020-down-from-4-5b-in-2019/" target="_blank" rel="noreferrer noopener nofollow">according to data by Finaria</a>. Statistics demonstrate that fraud, theft, and ransomware were the leading <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> crimes last year. DeFi-related hacks and scams counted for $129 million of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> theft in 2020.</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2021/03/16/social-cryptocurrency-platform-roll-gets-hacked-over-the-weekend/">Social cryptocurrency platform Roll gets hacked over the weekend</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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