Ever since the beginning of 2021, the non-fungible token (NFT) industry has been gaining a lot of attention and adoption. Every single day there is a headline that goes onto show exactly how much progress and user-base the platform has managed to gather.

However, it has now become natural that wherever there are growth and development, the fraudsters/hackers find their ways to breach. This is exactly what the NFT industry is now faced with and the occurrences are now becoming frequent in the NFT sector.

It was recently reported that a particular personal token had been preyed on by the hackers during the weekend. While the entire NFT and cryptocurrency industry was trying to get out of that shock, another shocking news has emerged.

This time around, it is a non-fungible token (NFT) that has been hacked and the news of the hack attempt is all over the cryptocurrency industry.

It was during the week when it was reported that one of the cryptocurrency platforms known as Roll had become a victim to the latest hack attempt. In the process, the hackers had managed to get their hands on the personal tokens.

Following the reports of the hack attempt on the Roll platform, many people started getting panicked. Eventually, many investors ended up selling off their personal tokens and this resulted in the price of cryptocurrencies going down.

The platform Roll is known for utilizing the Ethereum (ETH) network in order to issue social media tokens. The firm reported that it had been victimized by a hack attempt and ended up losing 3,000 ETH in the process. At the time of publishing, 3,000 ETH translates into $5.4 million.

The platform also confirmed the names of the personal tokens that had been affected as a result of the hack attempt. The names of the personal tokens are Alex Masmej (ALEX), Kerman Kohli (KERMAN), Friends With Benefits (FWB), RARE, and WHALE.

According to the on-chain data analyzing firms, the prices of all the mentioned tokens plunged as soon as the news started emerging of them being affected by a hack attempt.

It has been confirmed that due to the hack prices of some of the personal tokens ended up plunging by 48% while some ended up plunging by 100%.

As per the report shared by the cyber-security team at Roll, the hack attempt on the platform was executed at 07:30 UTC on Sunday, March 14, 2021.

In addition to the above, there was an NFT hack attempt that was reported during the weekend. It was Michael J. Miraflor, the founder of Third City Advisory who made the announcement through Twitter about the hack. He claimed that someone had gained access to his NFT and stole them away from Nifty Gateway, which is a trading platform owned by Gemini.