Bored Ape Yacht Club NFTs stolen in Instagram phishing attack

As told by Bored Ape Yacht Club (BAYC) developers connected Monday, hackers breached the fashionable nonfungible token, oregon NFT, collection's authoritative Instagram leafage and shared links to a fake airdrop with the project's followers.

Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the onslaught was planned to coincide with the one-year day of the motorboat of the BAYC collection, frankincense expanding the "perceived credibility" of the phishing link.

Unconfirmed reports connected societal media bespeak that astir 100 NFTs were stolen during the phishing attack. Based connected data from CoinGecko, the level terms of each BAYC NFT is astir 139 Ether (ETH), oregon $400,726. Thus, if the reports are authentic, much than $40 cardinal worthy of assets could person been mislaid successful the attack. However, the numbers whitethorn lone correspond the little extremity of the estimation arsenic it is based connected level price. 

There is nary mint going connected today. It looks similar BAYC Instagram was hacked. Do not mint anything, click links, oregon nexus your wallet to anything.

— Bored Ape Yacht Club (@BoredApeYC) April 25, 2022

At the clip of publication, it is unclear however hackers gained entree to the BAYC authoritative Instagram. While societal media users constituent retired the value of two-factor authentication arsenic an effectual deterrent against unauthorized logins, others accidental that specified methods are not wholly foolproof and tin be, successful fact, compromised via a SIM-card swap.

BAYC has grown to go an all-time favourite NFT postulation successful the crypto realm, generating much than $1 cardinal successful sales successful 2021. The collection's proviso is fixed astatine 10,000 NFTs. More than 38,748 ETH worthy of Apes were traded connected OpenSea successful the past 30 days.