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Bored Ape Yacht Club Instagram takeover sees around $3 million in NFTs sail away

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Workers inside the Bored & Hungry restaurant in Long Beach, California. Bored & Hungry is a pop-up burger restaurant using art from the Bored Ape Yacht Club NFT collection for its brand.

Image: Bing Guan/Bloomberg via Getty Images

Bored Ape Yacht Club (BAYC), providers of non-fungible monkey tokens based on expensive models, announced Monday that his Instagram account had been taken over and used to siphon off crypto-assets.

“The hacker posted a fraudulent link to a copy of the Bored Ape Yacht Club website, where a safeTransferFrom attack instructed users to connect their MetaMask to the scammer’s wallet in order to participate in a fake airdrop,” the claims said. BAYC creators, Yuga Labs, in a statement. .

“The approximate estimated losses due to the scam are 4 Bored Apes, 6 Mutant Apes and 3 BAKC, along with other NFTs estimated to have a total value of approximately $3 million. We are actively working to establish contact with affected users.”

On Twitter, he said that once the attack was discovered, links to the Instagram account were removed before he regained control of the account. BAYC said it was investigating how the attack happened and would issue a complete autopsy.

“At the time of the hack, two-factor authentication was enabled and the security surrounding the IG account was following best practices,” he added. mentionedbefore contradicting his statement on contacting affected users.

“If you have been affected by the hack or have information that might be useful, please contact [email protected] You must contact us first – the person who contacts you first is not us. We do not We’ll email no one first, and we’ll NEVER ask you for your seed phrase.”

BAYC added that it would only announce mint events on Twitter and its Discord announcement channel.

In March, the company said it was looking to help launch ApeCoin and had raised $450 million to create a metaverse project that would integrate avatars from a number of NFT projects.

Yuga Labs also recently acquired CryptoPunks and Meebits from Larva Labs.

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