BAYC and MAYC NFTs Stolen in Phishing Scam Raises Concerns

BAYC and MAYC Tokens Stolen in Phishing Scam Raises Concerns

Several high-profile NFT projects, including Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), were targeted in a recent phishing campaign. The stolen NFTs were subsequently sold on the Blur marketplace, resulting in the loss of over 100 ETH (approximately $193,000). The incident highlights the ongoing risks and vulnerabilities in the NFT space, emphasizing the importance of robust security measures to protect digital assets. Read full article below.

The Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC) NFTs have been the focus of a recent phishing campaign. Over 100 ETH were lost when the stolen NFTs were traded on the Blur marketplace.

NFTs from projects including Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and HV-MTL have been targeted by a person with the address 0x78d8d0e65866be96b9ec64cfd54b4d80721b3eef, according to a report by blockchain security company Peckshield. It was known that the thieves were after BAYC #4665 and #6153, MAYC #9532, and HV-MTL #17193, among other NFTs.

Completed Inside a 10-hour Window

Roughly 107 ether (roughly $193,000) worth of NFT sales occurred on the Blur platform after they were stolen. Arkham’s transaction history indicates the phisher’s ETH transactions, which were of varying quantities. The tokens were quickly traded on the market, and the whole event took place inside a 10-hour window.

The phisher also sent over 104 ether (around $188,000) to the prominent cryptocurrency exchange Binance. Last month, news circulated that the BAYC Discord server had been hacked, and Taiwanese musician Jay Chou claimed that a phishing assault had taken his NFTs.

A phishing attack is an attempt to gain unauthorized access or steal sensitive information by tricking a user into revealing passwords or private keys. Both the BAYC and MAYC NFTs had been exploited and afterwards sold on the Blur platform by the attackers.

Siddharth Chaturvedi