{"id":9762,"date":"2022-03-31T20:53:14","date_gmt":"2022-03-31T20:53:14","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/digital-collectibles-marketplace-veve-loses-large-amount-of-gems-in-an-exploit\/"},"modified":"2022-03-31T20:53:15","modified_gmt":"2022-03-31T20:53:15","slug":"digital-collectibles-marketplace-veve-loses-large-amount-of-gems-in-an-exploit","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/digital-collectibles-marketplace-veve-loses-large-amount-of-gems-in-an-exploit\/","title":{"rendered":"Digital Collectibles Marketplace VeVe Loses &#8216;Large Amount of Gems&#8217; in an Exploit"},"content":{"rendered":"<div>\n<figure class=\"image\"><figcaption>Source: AdobeStock \/ sharafmaksumov<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p><strong>VeVe<\/strong>, an app-based marketplace for licensed digital collectibles, has announced that it has become a victim of an exploit which resulted in the loss of a number of &#8220;gems.&#8221;<\/p>\n<p>&#8220;We have become aware of an exploit of our systems which resulted in a large amount of gems being acquired illegitimately,&#8221; VeVe&#8217;s official Twitter account said on early Wednesday morning hours.<\/p>\n<p>Gems are the VeVe in-app token used to exchange for collectibles during drops or in the Market, the website says. The company charges USD 1 for gems, but the total price paid can be affected by the payment method, as well as any additional fees and taxes charged by the users&#8217; credit card provider, bank, or PayPal, it added.<\/p>\n<p>The digital marketplace has halted operations as the result of the hack while the investigation is ongoing, adding that it will announce &#8220;the expected timing of Market opening&#8221; as soon as possible.<\/p>\n<p>VeVe also detailed that they have restricted accounts of some users as they are launching an investigation. &#8220;We will be getting in touch with those users directly,&#8221; it added.<\/p>\n<p>VeVe, an Android and iOS app released by Singapore-based technology company <strong>Ecomi<\/strong>, has become a popular marketplace in the emerging digital collectibles space.<\/p>\n<p>The marketplace has landed a number of big partnerships throughout 2021. Most notably, VeVe has launched licensed non-fungible token (NFT) digital collectibles based on Spider-Man, Captain America, and the inaugural series of classic Marvel Comics.<\/p>\n<p>VeVe has also partnered with the major entertainment company <strong>Metro-Goldwyn-Mayer (MGM) Studios<\/strong> and British film production company <strong>EON Productions<\/strong> to launch a series of NFTs for &#8220;No Time To Die,&#8221; the latest edition in the iconic James Bond franchise.<\/p>\n<p>This is only one in a string of various hacks in the crypto sector in the past week alone. For more, check out the stories below.\u00a0<\/p>\n<p>____<\/p>\n<p><strong><\/strong><br \/>&#8211; ApeCoin Smart Contract Exploited, \u2018Well-Prepared Claimer\u2019 Walks Away With USD 380K<br \/>&#8211; DeFiance Founder&#8217;s USD 1.76M Loss is a Lesson For NFT Investors<\/p>\n<p>&#8211; BlockFi, Swan Bitcoin, Pantera Advise Users How to Stay Safe After Data Got Hacked in Hubspot CRM Raid<br \/>&#8211; Another Suspect in Ethereum&#8217;s DAO Hack Emerges, Putting Coin Mixing Under Question<\/p>\n<p>&#8211; Alleged Bitfinex Crypto Exchange BTC Launderer Morgan Seeks \u2018Plea Deal\u2019<br \/>&#8211; Crypto Security in 2022: Prepare for More DeFi Hacks, Exchange Outages, and Noob Mistakes\u00a0\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Source: AdobeStock \/ sharafmaksumov \u00a0 VeVe, an app-based marketplace for licensed digital collectibles, has announced that it has become a victim of an exploit which resulted in the loss of a number of &#8220;gems.&#8221; &#8220;We have become aware of an exploit of our systems which resulted in a large amount of gems being acquired illegitimately,&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-9762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Digital Collectibles Marketplace VeVe Loses &#039;Large Amount of Gems&#039; in an Exploit | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/digital-collectibles-marketplace-veve-loses-large-amount-of-gems-in-an-exploit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital Collectibles Marketplace VeVe Loses &#039;Large Amount of Gems&#039; in an Exploit | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Source: AdobeStock \/ sharafmaksumov \u00a0 VeVe, an app-based marketplace for licensed digital collectibles, has announced that it has become a victim of an exploit which resulted in the loss of a number of &#8220;gems.&#8221; &#8220;We have become aware of an exploit of our systems which resulted in a large amount of gems being acquired illegitimately,&#8221; [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/nft\/digital-collectibles-marketplace-veve-loses-large-amount-of-gems-in-an-exploit\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-31T20:53:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-31T20:53:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/03\/adobestock-sharafmaksumov-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"911\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/digital-collectibles-marketplace-veve-loses-large-amount-of-gems-in-an-exploit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/digital-collectibles-marketplace-veve-loses-large-amount-of-gems-in-an-exploit\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Digital Collectibles Marketplace VeVe Loses &#8216;Large Amount of Gems&#8217; 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