Bored Ape Yacht Club Hack Sees $360K in NFTs Stolen

phishing attack
phishing attack

Bored Ape Yacht Club hacked, Swipe $360,000 worth of NFTs in a phishing attack

Gordon Goner, the founder of the Bored Ape Yacht Club (BAYC), publicly lashed out at Discord after their server was hacked.

According to Yuga Labs, the Bored Ape Yacht Club (BAYC) Discord server was hacked on Saturday with an unknown assailant stealing 200 ETH ($360,000) worth of crypto tokens.

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As it turns out, the hack was due to a phishing attack from an imposter posing as Boris Vagner, who is the Project’s Community Manager. They took advantage of this situation by posting false links in the Discord channels for both BAYC and its related blockchain ecosystem named Otherside according to investigations.

Twitter user NFTherder was the first to identify the vulnerability, tracking the stolen coins down to four different wallets.

phishing attack

phishing attack

One of our competitors stole Yuga Labs NFTs from us for the second time in less than two months. Apparently, according to Fortune Magazine, a hacker successfully infiltrated our CAPTCHA code last month and managed to steal around $2.8 million worth of coins from us.

Security breaches in the NFT industry are common, but most projects are still able to maintain a safe environment. For example, even though Seth Green had excellent security mechanisms put in place, he was still the victim of one of these schemes and lost his BAYC token.

Theft in NFTs has been an increasingly concerning issue lately. The amount of scams and frauds that have plagued the Decentralized Finance arena has reached a whopping $14 billion in 2021 according to VICE. One recent example: last week, actor Seth Green lost many of his NFTs when they were stolen from him. He is presently working with the Twitter user who purchased these items from the thief to prosecute them as we speak.

Yuga Labs is currently investigating the breach and is informing potential customers of these phishing messages: As a reminder, we do not provide surprise mints or gifts.

Neelum Malik is an Editor at Bestkoditips experiencing SEO strategies and knowledge about online educational platforms. Prior to her work as an Editor, Neelum worked in IT across a number of industries, including banking, retail, and software.

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