Bored Ape Yacht Club Instagram hacked with NFTs worth millions stolen

The Bored Ape Yacht Club was hacked, compromising user's crypto wallets and stealing NFTs worth millions


Reuters April 26, 2022

A recent tweet by the Bored Ape Yacht Club revealed that the NFT project's Instagram and Discord account were hacked on Monday.

Hackers advertised a fake distribution of NFTs called an airdrop, which drew users to click on a malicious link, giving away access to users' crypto wallets.

In a post by CoinDesk, the fraudulent link promised users that they could mint land in the upcoming OthersideMeta launch. The compromised crypto wallets transferred a series of Bored Apes and Mutant Apes to hackers. OpenSea transfers estimated that around 24 Bored Apes and 30 Mutant Apes were stolen, with a total floor price of $13.7 million.

A spokesperson from Yuga Labs said, "The hacker posted a fraudulent link to a copycat of the Bored Ape Yacht Club website, where a safeTransferFrom attack asked users to connect their MetaMask to the scammer's wallet in order to participate in a fake Airdrop".

It is still being investigated how the accounts were hacked. A rough estimation of the losses was recorded as 4 Bored Apes, 6 Mutant Apes, and 3 BAKC as stolen in the scam.

 

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