The apes finally have something to get excited about.
The Bored Ape Yacht Club, the extremely popular non-fungible token collection built on the ethereum blockchain, was hit by hackers who made off with millions of dollars worth of the simian images.
‘We Alerted Our Community’
Yuga Labs, the company behind the NFT project said the monkey business began when the BAYC’s official Instagram account was hacked.
A rough estimate of the losses due to the scam came to four Bored Apes, 6 Mutant Apes, and three Bored Ape Kennel Club, along with assorted other NFTs with a total value pegged at about $3 million.
“The hacker posted a fraudulent link to a copycat of the Bored Ape Yacht Club website,” Yuga Labs said, “where a safe TransferFrom attack asked users to connect their MetaMask to the scammer’s wallet in order to participate in a fake Airdrop.”
Minutes later, Yuga Labs said, “we alerted our community, removed all links to Instagram from our platform and attempted to recover the hacked Instagram account.”
“Two-factor authentication was enabled and the security practices surrounding the IG account were tight,” Yuga Labs said. “Yuga Labs and Instagram are currently investigating how the hacker was able to gain access to the account. We’re still investigating.”
‘No Mint Going on Today’
The Bored Ape Yacht Club also made an appeal on its Twitter page.
“If you were affected by the hack or have information that might be helpful, reach out to ighack@yugalabs.io,” the group said. “You need to…
