Bored Ape Instagram hack cost NFT owners US$3mil

The Bored Ape Yacht Club non-fungible token (NFT) collection on the OpenSea marketplace on April 8, 2022. Hacked owners cumulatively lost four Bored Apes, six Mutant Apes and three Bored Ape Kennel Club NFTs – together worth roughly US$3mil. — Bloomberg

Hackers made away with about US$3mil (RM13.06mil) worth of some of the world’s most popular nonfungible tokens after gaining access to the Instagram account belonging to the Bored Ape Yacht Club (BAYC) collection.

Once in, the hackers uploaded a post that linked to a cloned version of BAYC’s official website and included an offer of free crypto tokens. Anyone who tried to claim the free tokens by authenticating and connecting their digital wallets to the fraudulent site instead gave the hackers free rein to access and transfer their NFTs and other cryptoassets.