Bored Ape Yacht Club Instagram Hacked, $13M Worth of NFTs Stolen
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The Bored Ape Yacht Club Instagram account was hacked today, the company has announced in a tweet.
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The hackers advertised a fake distribution of NFTs through the hacked Instagram account and convinced some BAYC owners to connect their wallets.
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Blockchain records show that 134 NFT assets worth $2.7 million were stolen into the hackers’ wallet on Monday.
The Bored Ape Yacht Club Instagram and Discord accounts were both hacked on Monday, according to a tweet from the NFT project. Through the hacked accounts, the cybercriminals advertised a fake “mint” that caused people to lose their NFTs.
The fraudulent post on Twitter claimed that users could mint “land” tokens in the upcoming OthersideMeta via the link that was posted. Unsuspecting users who clicked the link had their accounts compromised.
This morning, the official BAYC Instagram account was hacked. The hacker posted a fraudulent link to a copycat of the BAYC website with a fake Airdrop, where users were prompted to sign a ‘safeTransferFrom’ transaction. This transferred their assets to the scammer's wallet.
— Bored Ape Yacht Club (@BoredApeYC) April 25, 2022
A series of Bored Apes and Mutant Apes NFTs were transferred to the new wallets by the hackers. The stolen assets include numerous NFTs from Yuga Labs such as Bored Ape, Mutant Ape, and Kennel Club. The total value of NFTs that was stolen was $2.7 million at the time of the hack.
According to records on Etherscan, the hackers stole 134 NFTs. The wallet to which the tokens were transferred has since been flagged as being part of a phishing scam.
Read also: Beanstalk Farm Loses $182M Crypto in Attack From Hackers
ZachXBT, a private investigator, who tracks scams and hacks on the blockchain confirmed the hack. He disclosed that the cybercriminals stole 4 Bored Ape Yacht Club NFTs, and 7 Mutant Ape Yacht Club NFTs. 1 CloneX NFT and several other NFT assets were also stolen.
At this point, Bored Apes has not yet disclosed how the hackers compromised the Instagram account. A spokesperson for Yuga Labs revealed that the security practices around the Bored Ape Yacht Club Instagram account were tight and it was also protected by Two-factor authentication.
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