Bored Ape Yacht Club, the best-known collection of NFT "art" and the impetus for the most painful segment in recent late night TV history (opens in new tab), was hacked on Monday. Owning a Bored Ape up to this point has required forking out a ludicrous amount of cash for what I have to say are some of the least charming pieces of art I've ever seen. Nevertheless some folk believe that these apes are not, in fact, the 21st century equivalent of tulips: no, these apes will only ever become more valuable, presumably if the human race loses all aesthetic sense and its eyes collectively atrophy.
Sorry, where was I: the Bored Ape Yacht Club's Instagram page and Discord were hacked, and the culprits sent out messages on both about a new mint of NFTs and what's called a "land sale" (it does not involve land) to pilfer ape holders' wallets.
There was no new mint, as the Bored Ape Yacht Club warned on its other social media account. Many customers were suckered by the official-seeming messages, however, and clicked on a link connecting their wallet, which then transferred its ape-y contents to the hackers. This is like the 'double your money' scam in every MMO ever, except it's somehow even dumber.
🚨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.April 25, 2022
Based on the replies above, many Bored Ape fans seem to have had their crypto-wallets cleaned out by the hackers. What will happen next is anyone's guess: the hackers may well disappear into the internet night, while the good old Bored Yacht Club offered the following explanation:
"This morning, the official BAYC Instagram account was hacked. The hacker posted a fraudulent link to a copycat of the BAYC website with a fake Airdrop, where users were prompted to sign a 'safeTransferFrom' transaction. This transferred their assets to the scammer's wallet."
Estimates of the cost of the hack vary, but it seems reasonable to say that the hackers in question have got away with assets that have a theoretical value in the low millions (here is the hacker's wallet (opens in new tab), ferreted-out by crypto-sleuther Zackxbt (opens in new tab)).
For those curious - the @BoredApeYC instagram hacker phished well over $3mm. 4 BAYC's, 7 MAYC's, 3 BAKC's, + a CloneX. See here: https://t.co/fYvqEGUiYP(Using floor pricing for those BAYC underestimates value because they are clearly non-floor apes)April 25, 2022
"Two-factor authentication was enabled and the security practices surrounding the IG account were tight," Bored Ape Yacht Club's Yuga Labs wrote in a statement to Motherboard (opens in new tab). "Yuga Labs and Instagram are currently investigating how the hacker was able to gain access to the account. We’re still investigating. Rough estimated losses due to the scam are 4 Bored Apes, 6 Mutant Apes, and 3 BAKC, as well as assorted other NFTs estimated at a total value of ~$3m. We are actively working to establish contact with affected users."