In December, another Ape holder, the New York art dealer Todd Kramer, disclosed his own $2.2m loss with the tweet, “I been hacked. In early April, for instance, one pseudonymous owner, “s27”, lost a $500,000 ape collection after being tricked into swapping it for, effectively, counterfeits: the scammer created new NFTs that were visually identical to BAYC pictures except they had a green tick over them – mimicking the “verified” icon of the platform used for the trade. Similar to when physical art is stolen, there will be questions over how they would now be able to sell on these assets, but the problems in NFTs still prevail and users must remain extremely cautious of this still very new technology.”Īs one of the most prominent NFT collections, with celebrity owners including Eminem, Gwyneth Paltrow and Madonna, BAYC holders are often targeted for attacks, with greater or lesser technical significance. “Unfortunately, however, this takeover has had a huge consequence and resulted in a mass robbery of digital assets. “Instagram attacks are nothing new but often take an element of social engineering,” said Jake Moore, global cybersecurity adviser at the security firm ESET. That enabled the attacker to steal the assets held in the wallets, seizing control of four Bored Apes, as well as a host of other NFTs with an estimated total value of $3m. The attacker seized control of the BAYC Instagram account and sent a phishing post that many followers were fooled into clicking on, connecting their crypto wallets to the hacker’s “smart contract” – a mechanism for implementing a crypto transaction.
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March 2023
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