Bored Ape NFT collection has seen billions of dollars in sales. Then came the hacks. In this article, we will discuss, "Bored Ape NFT Stolen Cases: How Did They Happen?" Let's get started.
Bored Ape NFT Stolen Cases: How Did They Happen?
Todd Kramer
NFT collector Todd Kramer of New York claimed in January 2022 that his collection of sixteen BAYC NFTs, valued at $2.28 million (about Rs. 16.94 crore), had been "hacked." NFT marketplace OpenSea "frozen" the assets for the NFTs' owner Todd Kramer, including one Clonex, seven Mutant Ape Yacht Club, and eight BAYC NFTs, which are presently valued at about 615 Ether.
The incident was "arguably the worst night" of Kramer's life, he claimed on Twitter. He tweeted about his experience and mentioned that he had clicked on a link that seemed to be an official NFT DApp (decentralised application). However, it turned out to be a phishing attack, and 16 of his NFTs were lost as a result. He wrote, "I been hacked." "All my apes gone."
s27
After exchanging their NFTs through a fake exchange called "Swap. Kiwi," a bored ape holder going by the handle "s27" lost bubble gum ape and matching mutants worth $567,000. Direct NFT swaps between collectors are possible on this platform, and transaction fees are cheap. This ape was moved by "s27" from his vault to another wallet, but he soon lost it.
The "quit" Twitter account, which keeps an eye on all well-known NFT ape avatars, said that his Discord server is set up to monitor BAYC listings that are at least 5% below their floor price in Ether. “The pings are rare , but when they happen it generally means one of two things: somebody is panic selling, or somebody is compromised. When I saw the notification for #1584, I instantly knew it was the latter,” said the user.
Discord hacks
In April 2022, BAYC said that its instant messaging platform Discord was hacked and “briefly compromised,” telling users not to mint — the process of taking a digital asset and converting it to a digital file stored on a blockchain — any Apes on its platform .
“STAY SAFE. Do not mint anything from any Discord right now. A webhook in our Discord was briefly compromised. We caught it immediately but please know: we are not doing any April Fools stealth mints / airdrops etc. Other Discords are also being attacked right now,” BAYC said in a tweet.
This was the second time when Discord servers were hacked. On March 17, a hacker gained illegal access to Rare Bears Discord moderator Zhodan's account. The hacker immediately posted an announcement within the group informing that a new mint of NFT's was taking by place, followed a phishing link. As soon as users clicked on the link, their NFTs were stolen.
The attacker then banned other admins of the group, removing their ability to post anything on the Discord server. In a post, the NFT company said the hackers invited a fake “Collab. land” bot to automatically lock all channels servers so no one could communicate that the posts in announcements were fake. “Our team are working on a solution as we speak for those affected and will announce as soon as we can,” the company said in a tweet.
Jeff Nicholas
Jeff Nicholas, an NFT trader, visited a Discord channel run by hackers posing as OpenSea employees in need of technical help. When Nicholas agreed to show his screen, all of his cryptocurrency was taken from his wallet. The Verge reported that the wallet included six figures' worth of tokens, including his apes.
Instagram hack
Hackers gained access to the BAYC NFT collection's Instagram account. Users received a phishing link intended to steal NFTs. Gizmodo claims that the victims had cryptocurrency worth $3,000,000 stolen from them.
“Rough estimated losses due to the scam are 4 Bored Apes, 6 Mutant Apes, and 3 BAKC [Bored Ape Kennel Club], as well as assorted other NFTs estimated at a total value of $3m,” a BAYC spokesperson told Gizmodo.
Bored Ape NFT Stolen Cases: How Did They Happen? - Hopefully, this article can help you to get some knowledge.
