The Bored Ape Yacht Club, which is the second most valuable NFT collection by trading volume, was taken over by hackers and they got away with more than ten million dollars.
At least 24 Bored Apes and 30 Mutant Apes have been stolen and transferred to new cryptocurrencies, according to a report.
The company removed links to the compromised IG account after discovering the hack.
The total losses of the hack are hazy. According to the company, it lost around $3 million to the hackers.
The exploit was found Monday.
There is no mint going on today, according to the official BAYC account. Don't link your wallet to anything, and don't mint anything.
A large number of users have been affected by the hack.
It's crazy to think that even the best security practices from a user side isn't enough.
It is the first time that hackers have gotten a way with millions of dollars worth of NFTs.
The entire NFT market operates in a regulatory vacuum, so Collectors don't have much recourse. Buyers beware.
A thief stole $1 million from the Bored Ape Yacht Club.
Lindsay Lohan is accused of taking huge payments.
All Rights Reserved © 2024
