The Bored Ape Yacht Club was reportedly hacked again by a phishing scam that allowed thieves to steal more than a quarter of a million dollars worth of NFTs, a month after the group lost $3 million to another set of scammers.
A manager account from the Bored Ape Yacht Club and Otherside Metaverse was compromised this week, allowing hackers to access admin accounts on the servers discovered by the group, CoinGape reported.
Once inside the Discord group, the scammers sent phishing links masquerading as “exclusive giveaways” for the NFT fans, stealing 145 Ethereum, which is roughly $257,515.65.
Pictured, the phishing scam sent to members of the Bored Ape Yacht Club and Otherside Metaverse discord groups
The scam is said to have started with about 145 Ethereum which is about $257,515.65
Bored Ape Yacht Club focuses on buying and selling Bored Ape NFTs (pictured). The group was targeted by thieves who made off with $3 million last month
Data from PeckShield, a blockchain security firm, revealed that a total of 32 NFTs had been stolen on Saturday, including one Bored Ape Yacht Club token, two Mutant Apes NFTs, Five Otherside NFTs and one Bored Ape Kennel Club token by the phishing attack.
NFTs, or Non-Fungible Tokens, are bitcoin-like digital tokens that act as a certificate of ownership and live on a blockchain.
The scam was allegedly sent through the account of a manager with the username BorisVagner, who enticed members of the discord groups with free tokens.
The breach comes more than a month after the Bored Ape Yacht Club, the largest player in the NFT game, suffered major hacks in April, involving four Bored Apes and a slew of other NFTs raking in $3 million in total.
Hackers targeted the group’s Instagram account and sent phishing links to members, who unknowingly clicked on the messages and lost their valuable NFTs. Guardian reported.
Jacke Moore, a global cybersecurity consultant, said that while Instagram attacks are nothing new, the tight-knit community surrounding the Bored Ape NFTs could ensure phishing scams have a devastating success.
“This acquisition has had major repercussions and has led to a massive heist of digital assets,” More told The Guardian about the April hack.
“Just like when physical art is stolen, there will be questions about how they might sell these assets now, but the problems in NFTs remain and users should be extremely careful with this still very new technology.”
Confidence in the Boared Ape Yacht Club continues to waver after actor Seth Green fell for another scam that involved stealing from him the copyright of his Bored Ape NFT that was to be used for an upcoming TV show.
Seth Green has created an animated show in which a Bored Ape cartoon character works in a real Manhattan bar, White Horse Tavern, in the West Village.
The 48-year-old actor is said to use a cartoon version of the NFT, Fed Simian, for his new cartoon, White Horse Tavern.
It features the real bar in Manhattan’s West Village, imagining that one of the bartenders is Fred Simian, who is part of an NFT collective called Bored Ape Yacht Club.
The character that Green bought is animated and interacts with real actors in the 1880s bar.
But now production of the show has come to a halt, after the main character was ‘kidnapped’.
Green announced on May 17 that the character had been stolen. He has argued on social media for its return and also insisted that he still be allowed to air the show, because Fred Simian has been stolen and copyright rules do not apply.
But Fred was resold using cryptocurrency – a totally unregulated market – meaning the unidentified new owner of the NFT could pursue a copyright claim if an image of Fred is broadcast without permission.