NFT: Bored Ape Yacht Club (BAYC) and Cryptopunks at risk…

News hardware NFT: Bored Ape Yacht Club (BAYC) and Cryptopunks at risk…

This is not new, the largest collections of virtual works in NFT are always subject to malicious wishes. Yuga Labs, the studio behind the Bored Ape Yacht Club (BAYC) and Cryptopunks brands, has announced an imminent attack attempt. This time, the threat to the studio’s NFTs couldn’t be more alarming…

NFTs under methodological assault

This Tuesday, July 19th, Yuga Labs warned its community of plans for a potential large-scale theft, among other things targeting its collections. The studio with the two largest collections in the NFT market, namely Bored Ape Yacht Club (BAYC) and Cryptopunks, has its own monitoring network. Because of this, Yuga Labs was able to shed light on what appears to be a finely organized NFT attack plan:

“Our security team has tracked a group of persistent threats targeting the NFT community. »

At the moment there are no more details about the modus operandi of the group, nevertheless the famous studio explains in this tweet that the operation is imminent and may take place on the social networks of certain important accounts (the official accounts of the collections or accounts of Yuga -the team).

“We believe they may soon launch a coordinated attack targeting multiple communities via compromised social media accounts.”

With these elements, one can imagine that hackers will try various tricks with the aim of phishing or issuing fake signature requests to leave with the NFTs held on victims’ crypto wallets.

The brand is currently powerless and once again warns its various communities (Cryptopunks and Bored Ape Yacht Club) to save a few tokens along the way.

“Be vigilant and be safe,” Yuga Labs explains on its twitter account.

Unfortunately, this climate of stress for collectors is not new… In fact, the owners of Bored Ape (BAYC) are regularly subjected to scams of all kinds.

Bored Ape, the collection popular among hackers

Although crypto and NFT “wallets” are extremely secure, holding so much value in a virtual wallet can give you a cold sweat… And for good reason, the holders of these non-fungible tokens (NFT) are regularly solicited on many platforms, even where they feel safe.

In April 2022, the Bored Ape Yacht club gathering had been the target of a hack of unusual proportions. At that time, someone took over the Bored Ape Yacht club’s Instagram account to post a fictitious “giveaway.” The hacker made off with a large amount of NFT worth €3,000,000 in total.

Last month Bored Ape’s official Discord server was compromised. A hacker had managed to take control of an administrator account to republish a fake giveaway. Balance: 200 ETH or €332,000.

And it’s not over… On June 12, a few days after the Discord hack, the company informed that it had received tangible information about an impending attack via Twitter:

“We have received credible reports that there may be an attack on our social media accounts soon, using a source on Twitter to bypass our security. There are no surprise sales in advance,” explained Gordon Goner, co-founder of Bored Ape Yacht Club .

Digital avatars with monkey or punk heads will never stop attracting lust despite the bear market. Although the value of these NFTs has been halved, the current price of a Bored Ape or cryptopunk is over €130,000, a factor that motivates web3 hackers to continue…

Leave a Comment