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Premint Announced Plans To COMPENSATE $500k To Victims Of Hack..

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Premint Announced Plans To COMPENSATE $500k To Victims Of Hack..

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Find Premint NFT Lists

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Welcome back to The Crypto Merchant. Premint, a platform for registering NFTs, had a breach over the weekend that resulted in the theft of more than 300 NFTs from users’ wallets. Premint has today announced that it plans to compensate the victims of the incident. Premint CEO Brendan Mulligan said that the business worked with “a third-party, non-Premint worker” to build a list of all NFT thefts this week through an on-chain examination in a live-streamed event update this afternoon.

This week, a charge in Ethereum (ETH) equivalent to the total ground value of each NFT that was stolen will be paid to each individual cryptocurrency wallet on that listing. Premint will pay out around 340 ETH, or slightly over $525,000, in total to fraudulent consumers, according to Mulligan. Mulligan also revealed that Premint has purchased the pocket authentication program Vulkan, demonstrating the company’s long-standing commitment to customer security. Mulligan said further information about that collaboration will be released the following week.

#Premint #NFT #NFTTheft

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