BayC Instagram chopped while dozens of expensive NFTS open in smoke

BayC Instagram chopped while dozens of expensive NFTS open in smoke

bored ape Yacht Club NFTS owned by Ape dao via Rollingstone
  • The value of the stolen NFTS is estimated at over $ 10 million based on the minimum price of the chopped digital collector's items
  • BayCs co -founder "Garga.eth" said that four Bored Apes, six mutant Apes, three kennels and other "sorted valuable NFTs" were transferred to the address of the hackers

The Instagram account of the NFT project Bored Ape Yacht Club (BayC) was compromised on Monday and paved the way for the theft of more than a dozen digital valuables of individuals.

in a Twitter , said BayC, one Hacker posted a fake link to a copycat website, together with a wrong airdrop. The Airdrop asked the users to sign a so-called "Safetransferfrom" transaction that the NFTs transferred to the hackers' wallet.

A Safetransferfrom transaction is a function within Ethereum, which is designed to check the legitimate ERC-721-token standard transmission of an NFF (non-fungable token) from the owner to the recipient.

"Immediately after we discovered the hack, we alerted our community, removed links to the compromised IG account from our platforms and tried to restore the account," tweeted Bayc.

The account was hacked, although BayC used a two-factor authentication and followed Best Practices for Security, it said in a follow-up tweet. BayC has initiated an investigation to find out how the hacker gained access.

according to the co -founder of BayC " Garga.eth ", six mutant apes, three kennels and other" sorted NFTS " Transfer hacker. Based on the minimum price of the marketplace, the value of the hack is estimated to be over $ 10 million.

according to the project

"We will contact the affected users and publish a complete post-mortem analysis of the attack as soon as we can," said Garga. "At the moment I would like to emphasize that 2FA has been activated for the account."


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The contribution BayC Instagram Hacked as dozens of Pricey Nfts Go Up in Smoke is not a financial advice.

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