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

World Cup Legend Sir Geoff Hurst Releases NFTs For Alzheimer’s Research

The debut NFT collection, 'The Everlasting Memory' by World...

Stripe Launches Fiat-to-Crypto Payment Service for Web3 Companies

Stripe, a payment processing business, unveiled a "fiat-to-crypto on-ramp"...

Top NFT Analytics Tools to Use in 2023

Non-fungible tokens (NFTs) are gaining popularity as a way...

What is USDTe? A Full Guide to Avalanche Tether

USDTe is a stablecoin on the Avalanche blockchain that...

Did SBF Doom NFTs? FTX Aftermath – What’s Next

Many Web3 companies view the FTX aftermath as a...

Top NFT Podcasts for 2023 | Best Listens

For some, a good podcast can be highly entertaining...

Related Posts

Mattel Launches an NFT Marketplace With Hot Wheels Collection

Mattel announced a new NFT marketplace as it expanded...

Porsche Makes Its Web3 Debut With Its First NFT Collection

The luxury sports car manufacturer announced its official entry...

Yuga Labs’ Leaked Financials Show Insane Profits

Leaked data shows that Yuga Labs has sold more...

What You Need to Know About This NFT Market Crash

NFTs have already changed the world. Now it's time...

What is USDTe? A Full Guide to Avalanche Tether

USDTe is a stablecoin on the Avalanche blockchain that...

Binance Football Fever 2022 Offers Fans $1 Million in Rewards

Binance brings "Binance Football Fever 2022," a one-of-a-kind football...