Hacker hacked Instagram Bored Ape Yacht Club and carried out a phishing attack

On Monday, an unknown hacker hacked into the Bored Ape Yacht Club's official Instagram account, ran a fake Lands airdrop, and stole 91 NFTs from gullible users from their wallets.

The phishing attack was widespread due to a combination of three circumstances:

  • the anniversary of the release of the collection is approaching;
  • the official account of the company was hacked;
  • the sale of the Lands is listed in the roadmap of the project.

These facts made it possible to attract and deceive a large number of users of the cryptosphere. Those who connected their MetaMask to the scam site to get free Earth lost their NFTs from the Bored Ape Yacht Club collection. This happened right after confirming the transaction to access the fake site.

 

 

According to experts, the minimum cost of one token is about 139 ETH, which is $400.72 thousand in dollar terms. Thus, the scammers stole a little less than $40 million, and many NFTs are valued much more expensive.

The hacker also stole NFTs from other collections. For example, CloneX, EightBit, Alien Fren and Toxic Skull Club. Moreover, according to representatives of the Bored Ape Yacht Club, 2-factor authentication was enabled for the account. However, this did not help stop the hacker.

Recall that Bored Ape Yacht Club is the most popular NFT collection. In 2021, token sales on the secondary market generated $1 billion in trading volume. Over the past 30 days, NFT sales amounted to 38,748 ETH according to OpenSea.

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