Non-fungible token (NFT) platform LiveArtX is reporting that one of its wallets has been compromised in what appears to be the latest crypto heist.
NFT LiveArtX has announced on its official social platform that the official wallet has been stolen and is doing its best to resolve it and will update the community. The Meta-morphic: Sevenasureures NFT chain issued by LiveArtX has seen its base price drop to 0.2 ETH, a drop of 84% in 24 hours.
Details are thin on the ground at the moment, but the web3 art and culture platform posted that it is doing all it can regarding a “compromised wallet” on Oct. 17.
Chinese blockchain industry reporter Colin Wu added that the Seven Treasures series NFT released by LiveArtX has fallen by more than 80% in price over the past 24 hours.
Currently, according to information on NFTGo.io, the NFT floor price of the Meta-morphic: Sevenasure chain issued by the NFT LiveArtX platform has dropped to 0.2ETH, down 83.87% in 24 hours. In addition, the transaction volume of this chain increased by 597.76% in 24 hours.
The Seven Treasures collection by Meta-Morphic artist Huang Yuxing is described as “a generative art project that brings you on a journey through nature.” There are 997 items in the collection, which was launched in September 2022.
New York-headquartered LiveArtX raised $4.5 million in a funding round in March when it held an initial coin offering. The firm launched the ART token as part of the round that included contributions from Animoca Brands, Binance, and Alameda.