33 / What happens when I get hacked?

Find out what to do when your NFT gets stolen and how to prevent scams in the crypto marketplace on this episode of Community Service Hour.

Timeline

00:00 Intro

00:52 Field report, getting an NFT stolen

05:37 The sneaky setApprovalForAll

06:26 Take action: inform OpenSea

08:36 Compare to the real world

15:15 Crypto marketplace information sharing with government

15:47 How hard is OpenSea trying to prevent fraud?

16:56 Business idea: self custody wallet to avoid scams

21:03 Could the mods at OnChainMonkey have prevented this?

21:43 Business idea: Discord bot to hack everybody, to TEACH you

23:52 How can Discord prevent these scams?

25:17 Why Discord needs to be more vigilant than Twitter

Participants

@fulldecent

William Entriken

@dtedesco1

Daniel Tedesco

@sizzlejia

???

@jasonji2022

???

@037

AKM

Episode notes

Edit these notes…

@SizzleJia experience // how do scams work // who is legally responsible? // what to do?
- @OnChain Monkey new collection called Karma
- Minted the new collection, but NFT requires 12 hours to reveal which one it is
- Got as invitation in official Discord to “mint a special drop”, appeared to be a founder
  - Linked to minting webpage
    - MetaMask had a warning “this is a dangerous action”, she rejected it
- Disconnected setApprovalForAll
- Reported to OpenSea and flagged, cannot be listed for sale
- Compare to other sales platforms // buying stocks in a regulated marketplace // buying stolen merchandise
  - Is OpenSea like a broker/dealer? Custody is different. Known counterparty is different.
  - Did OpenSea flag other assets that the thief from SizzleJia’s OnChain Monkey? Or are they waiting for people to complain and handling them one-by-one?
- Ideas to solve
  - Prevention
    - Gnosis-like time lock
    - Alternatives to “Admins will never DM first”?
  - Recovery
    - Regular legal routes to recover stolen goods
- Don’t feel helpless when you are taken advantage of (while using Web3) there are rules and laws to protect you
- Are there ways the Discord mods could have prevented outreach like that?
  - Probably OnChain Monkeys could not have done a better job
  - Discord could turn off DMs by DEFAULT // TWITTER POLL
  - Discord could track reputations of links, and have a official links list, warn for others
  - Discord could better explain which role are “official” and speak for the community
Why might Discord need to be more vigilant than Twitter? It’s easier to look official on Discord, because they are small communities.
First videos are up! Check them out on YouTube: https://www.youtube.com/playlist?list=PLaMigeN8Exx-ChNPpO-j6pFQ3F8oJWrBN