September 6, 2022<\/p>\n\n\n\n
By Sharan Kaur Phillora<\/p>\n\n\n\n
Immunefi\u2019s report stated that around 150 Bored Ape Yacht Clubs NFTs were stolen. The theft of these NFTs was done through a variety of scams and hacks. The leading Web3 security firm, Immunefi, shared a report on August 30, 2022.<\/p>\n\n\n\n
The report included that since the launching of the BAYC collection in June 2021, approximately 150 Bored Ape Yacht Club (BAYC) NFTs have been stolen. The worth of 143 stolen NFTs is nearly $13,582,962, caused by scams or hacks.<\/p>\n\n\n\n
Here’s what we know:<\/strong><\/p>\n\n\n\n The two significant hacks majorly affected the BAYC collection. The first one was in April when hackers posted a \u2018phishing link\u2019 to BAYC\u2019s official Instagram page. When the user clicks on that link, it redirects them to a copy of the BAYC\u2019s website and drains the victims’ ETH wallets.<\/p>\n\n\n\n In June, the hackers posted a phishing link that directed to Discord channels of BAYC and Otherside, which is an upcoming metaverse \u201cgame\u201d developed by Yuga Labs.<\/p>\n\n\n\n According to the data collected and analyzed by OpenSea, only nine BAYC NFTs were delisted for suspicious activity, which means the 134 Apes are still frozen or may no longer be traded on the platform. Alejandro Mu\u00f1oz-McDonald, a software engineer at Immunefi, said, “These days, the marketplaces are not in control. People can still transfer stolen assets to another account and sell them on decentralized marketplaces where blacklisting features aren\u2019t available.\u201d<\/p>\n\n\n\n Furthermore, the Bored Ape also revealed suspicious activity on OpenSea\u2019s platform. It showed that the platform sold around 194 ETH, which was worth approx. $267,914 in Immunefi\u2019s August\u2019s early report.<\/p>\n\n\n\n About the author<\/strong><\/strong><\/p>\n\n\n\n Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":" September 6, 2022 By Sharan Kaur Phillora Immunefi\u2019s report stated that around 150 Bored Ape Yacht Clubs NFTs were stolen. The theft of these NFTs was done through a variety of scams and hacks. The leading Web3 security firm, Immunefi, shared a report on August 30, 2022. The report included that since the launching of […]<\/p>\n","protected":false},"author":4,"featured_media":2552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-2840","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all"],"yoast_head":"\n