The BAYC Instagram profile was hacked and $2.8 million in ETH got stolen so let’s have a closer look at today’s latest cryptocurrency news.
The Bored ape Yacht Club – BAYC Instagram account was hacked and used to share a link to the scam that stole the ETH NFTs from connected wallets. In total, 91 NFTs were stolen worth $2.8 million. The official Instagram account for the BAYC was hacked on Monday and shared a link to a scam website which led to a theft of $2.8 million worth of NFTs from the users that had connected their ETH wallet.
There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything.
— Bored Ape Yacht Club (@BoredApeYC) April 25, 2022
The linked website claimed that the Bored ape creator Yuga Labs was offering free NFT land for the upcoming Otherside metaverse game and that anyone that connected the ETH wallet would receive a free airdrop of virtual land even If they didn’t own a Bored ape. It was all a scam since the other side was planned for April 30 and the website was not an official Yuga Labs creation. Most people fell for the scam and 91 NFTs were stolen from the connected wallets with a combined value of over $2.8 million based on the current floor price from the collection.
According to the blockchain analyst zachXBT the wallet tied to the scam managed to steal four Bored Ape yacht Club NFTs, seven MAYC NFTs, and three bored ape kennel clubs as well as an array of other NFTs. Other reports claimed that the official Bored Ape Yacht Club Discord was also hacked but this doesn’t seem to be the case. However, the discord was hacked on April 1st. The official statement from Yuga Labs reads:
“This morning our team was alerted that the Bored Ape Yacht Club’s official Instagram account was hacked. The hacker posted a fraudulent link to a copycat of the Bored Ape Yacht Club website, where a safe transfer from attack asked users to connect their MetaMask to the scammer’s wallet in order to participate in a fake airdrop.”
Damn the BAYC Instagram hacker stole 4 BAYC, 7 MAYC, 3 BAKC, 1 CloneX, & more ( 91 NFTs in total)
— zachxbt (@zachxbt) April 25, 2022
The statement continued:
“At 9:53 am ET, we alerted our community, removed all links to Instagram from our platforms and attempted to recover the hacked Instagram account. Two-factor authentication was enabled and the security practices surrounding the IG account were tight. Yuga Labs and Instagram are currently investigating how the hacker was able to gain access to the account. We’re still investigating.”