Source: mundissima / Shutterstock.com
Bored Ape Yacht Club investors aren’t having a great start to the week. For the third time this year, hackers have been able to infiltrate Bored Ape social media communities. They’ve been using the platforms as an in to make dirty money. A heist worth $360,000 occurred over the weekend, leading to heavy losses for the unlucky victims. Now, investors are wondering whether parent company Yuga Labs will do a better job of shoring up its defenses.
The Bored Ape non-fungible token (NFT) collection is easily the biggest name in the asset class, drawing the admiration of some and the ire of others since launching just over a year ago. The months since have seen the collection of monkey-themed tokens appreciate to jaw-dropping levels; some of the 10,000 have sold for millions.
Much of the outside world continues to levy criticism at the idea of million dollar JPEGs. All the while, though, Yuga Labs has been slowly building out its offering to appease the fervent Ape-faithful. Multiple other collections have released, including the near-equally popular Mutant Ape Yacht Club. The company is also in the midst of its Otherside metaverse rollout, backed by a community-created Bored Ape (APE-USD) token.
This gradual widening of the Bored Apes brand is being met with adversity elsewhere, though, by way of hackers. As is the case with most blockchain projects, hackers and scammers…
