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Bored Ape Yacht Club NFT Community Is Compromised, Some Funds Stolen

Fri, 04/01/2022 - 08:28
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Arman Shirinyan
Biggest collection in industry suffered phishing attack
Bored Ape Yacht Club NFT Community Is Compromised, Some Funds Stolen
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According to a report by Colin Wu, the Bored Ape Yacht Club's Discord account was compromised, with some users' funds stolen and already realized on the market. At least one NFT was stolen, according to EtherScan.

Right after the exposure of the biggest NFT collection in the industry, Doodles' official discord account was also compromised. It is not yet clear if hackers stole any NFTs from the collection.

The official Twitter account of Bored Ape Yacht Club, with almost 1 million followers, has also released a warning for its users, asking them not to mint anything from the official Discord channel.

Not funny April Fools' joke

Obviously, the date of the exploit chosen by the hackers was not random. Often, crypto and non-crypto projects do various events to incentivize their communities and distribute prizes. That is why hackers exploited users' trust and made the exploit look like an April Fools' joke.

In their warning tweet, BAYC told followers and NFT holders that it is not an AirDrop nor an April Fools' joke or event. The project also said that other NFT collections are currently being attacked, and users should not use any link they see in NFT-related Discord channels as they may lead to phishing websites.

Pop Superstar Jay Chou Loses $550,000 Worth of NFTs to Fraudsters

At press time, at least nine transactions related to "Fake Phishing5519" are registered at Etherscan, which may suggest that the hacker stole more pieces from the collection than only one MutantApeYachtClub #8662. The value of the address is currently at $65,000.

Unfortunately, it is not the first hack or phishing attack on the NFT community, collection or even marketplace. Earlier in the year, the biggest NFT trading platform, OpenSea, suffered a series of hacks, phishing attacks and exploits, which led to massive losses for users.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

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