Yuga Labs NFTs Worth $2.8 Million Stolen via Instagram Hack

Share This Post

Hacker breaks into BAYC’s official Instagram account to steal Yuga Labs NFTs

A hacker broke into the official Bored Ape Yacht Club (BAYC) Instagram account and thieved 13 Yuga Labs NFTs worth $2.8 million on April 25.

The hacker sent a phishing post that promised “mint land” on Yuga Labs’ upcoming metaverse to all BAYC Instagram followers.

Enticed by the reward, the victims connected their crypto wallets to the hacker’s “smart contract”, enabling the cyberpunk to seize control of Yuga Labs NFTs, including BAYC.

Yuga Labs took to Twitter to warn members about the fraudulent activity:

“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 NFTs

THE OUTCOME

According to Etherscan, the hacker’s wallet stored 91 stolen digital assets. The missing NFTs owned by Yuga Labs included six Mutant Apes, four Bored Apes and three Bored Ape Kennel Clubs.

Despite rooting out the hacker, Yuga Labs and Instagram continue to raise questions regarding where the issues lie. 

FALSE NEWS

Many online reports and Tweets claim the fraudster stole more than 50 Bored Apes and Mutant Apes—falsely stating the hacker took $13 million worth of Yuga Labs NFTs rather than $2.8 million.

Following this, the co-founder of BAYC, Garga, says only 13 NFTs were stolen via Twitter:

“The IG hack resulted in 4 Apes, 6 Mutants, 3 Kennels, and some other assorted valuable NFTs being lost. We will be in contact with the users affected and will post a full postmortem on the attack when we can. For now, I would like to stress that 2FA was enabled on the account.”

For extra security purposes, Garga recommends Discord users turn off their DMs due to “mfrs bots sending scam links the moment a server is approved.”

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT drops, releases, reviews and more.

spot_img

Related Posts

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Related Posts

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

DeGods [ 2022 NFT Collection Review]

According to its description on OpenSea, DeGods is “a...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Milady Maker NFT Review – A Virtual World of Minecraft

Milady Maker opens up the virtual world of Minecraft Milady...

The Top 10 Most Expensive NFTs Sold

7 out of the 10 most expensive NFTs sold...

Top 5 Music NFT Projects to Never Be Forgotten

Grimes, 3LAU, Steve Aoki, Deadmau5 and Kings of Leon...