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What do you want to know


The official Bored Ape Yacht Club Instagram account was hacked to post a phishing link, resulting in an Ape NFT theft of nearly $3 million.

Bored Ape Yacht Club (BAYC), one of the most valuable NFT collections there, had his official Instagram hacked and lost digital art worth nearly $3 million. This isn’t the first security blunder for BAYC, nor is it the most high-profile NFT heist to date. In February, OpenSea – the world’s largest NFT marketplace – revealed that 17 users had been victims of a phishing attack, with the hacker managing to steal more than 250 NFTs with a collective value of around 1.7 million. of dollars.

A month prior, Todd Kramer, owner of art gallery Ross + Kramer, lost 15 NFTs following a theft that emptied his $2.2 million worth of digital art portfolio. Notably, four of them were Bored Ape NFTs. Earlier this month, the official Bored Ape Yacht Club Discord channel was also compromised, and as soon as the company acknowledged the attack, it immediately asked everyone in the community to stop minting NFTs. , especially high-value assets. But it looks like the saga of NFTs and Bored Ape thefts isn’t ending anytime soon.

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April 25, Bored Ape Yacht Club tweeted that his official Instagram handle appeared to have been hacked. In following tweets, he revealed that the hackers had shared a link on the Instagram account, telling users that clicking it would land them in an upcoming metaverse project called OthersideMeta which is expected to launch soon. Yes, buying land in the metaverse is one thing, and there are digital architects who bank to design virtual spaces in the metaverse. BAYC’s Instagram handle phishing post asked users to link their MetaMask wallet in order to claim land on the next drop. However, as soon as users logged into their MetaMask wallet and authenticated their identity, the hacker emptied their wallets and emptied their NFT collection elsewhere. The latest attack appears to be a social engineering ambush.

Another addition to the NFT flight saga

Co-founder of Bored Ape garga said a total of four Bored Apes, six Mutant Apes, and three Bored Ape Kennel Club coins were among the most valuable NFTs stolen by hackers. The four Bored Apes alone are worth over $1 million, based on their last sale value and current Ethereum conversion rates. According to a report by The block, the total number of stolen NFTs is 91, with an estimated value of $2.8 million. As soon as the scam was reported, Bored Ape Yacht Club halted all minting for a day and advised all users to refrain from clicking on any links or linking their wallets to any other service or platform.

The hacker’s wallet with the stolen NFTs has been identified, but there is no certainty about the recovery of the stolen digital assets. Take for example the $600 million Axie Infinity hack that happened a few weeks ago. Experts first pointed out that hackers – which the FBI has identified as the notorious Lazarus Group – would not be able to easily launder the huge amount of its stolen crypto assets. But so far, nearly 18% of the wallet has been gutted using mixing services and other shady tactics. Yuga Labs, the company behind the Bored Ape Yacht Club, is investigating the BAYC Instagram account hack, but has said nothing about recovery or compensation for the theft. NFT worth millions of dollars.

Next: World’s Largest NFT Market Reveals Mind-Blowing Free NFT Stats

Source: Bored Ape Yacht Club/Twitter (1, 2), Garga.eth/Twitter, The block

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