Bored Ape Yacht Club Instagram Hacked, Millions Worth Of NFTs Stolen

Bored Ape Yacht Club’s (BAYC) official Instagram profile was hacked on April 25th, 2022. The hackers promoted a fraudulent phishing link to scam millions of dollars worth of NFTs from BAYC owners on Monday.

NFT marketplace, OpenSea, has banned the wallet address believed to be associated with the exploit, however, Etherscan blockchain records show the suspicious address has interacted with the LooksRare marketplace.

The hacker posted a promo on Instagram citing an “airdrop” where users were prompted to a fraudulent website in order to link their wallet, thus signing a “safeTransferFrom” transaction which ultimately transferred their NFTs and crypto to the hacker’s wallet, according to the Bored Ape Yacht Club official Twitter account.

“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.”

bored ape yacht club hack
Bored Ape Yacht Club #6778 NFT stolen during April 25th, 2022 Instagram hack.

According to Bored Ape Yacht Club cofounder Garga.eth, four Bored Apes, six Mutant Apes, and three Bored Ape Kennel Club (BAKC) NFTs have been stolen from owners.

“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 post-mortem on the attack when we can. For now I would like to stress that 2FA was enabled on the account.”

According to a report by on-chain detective zachxbt, hackers used several wallet addresses to store the stolen assets.

Earlier this month, various Discord and Twitter accounts of NFT owners, including the official BAYC Discord channel, gave way to similar BAYC giveaway scams.

Earlier in April, Bored Ape Yacht Club’s Discord server was hacked and a similar phishing attempt was made giving way to similar BAYC giveaway scams.

The hacker succeeded in stealing one Mutant Ape while many other Bored Ape Yacht Club NFT holders have lost their NFTs due to a variety of other phishing attacks and NFT marketplace issues.

OpenSea has since flagged the Bored Ape Yacht Club NFTs as “reported for suspicious activity.”

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