Bored Ape NFT Market Hacked, People Lose ‘Millions’ on Monkey Pictures

Bored Ape Yacht Club, the best-known collection of NFT “art” and the impetus for Most painful segment in recent late night TV history, was hacked on Monday. Owning a Bored Ape up to this point has required shelling out an absurd amount of money for what I have to say are some of the least charming pieces of art I’ve ever seen. However, some people believe that these apes are not, in fact, the equivalent of 21st century tulips: no, these apes will only become more valuable, presumably if the human race loses all aesthetic sense and their eyes collectively atrophy.

Sorry where I was: the Bored Ape Yacht Club Instagram page and Discord were hacked, and the culprits sent messages about a new NFT currency and what is called a “land sale” (does not involve land) to steal monkeys holders’ wallets.

There was no new mint, as the Bored Ape Yacht Club warned on its other social media account. Many customers were tricked by the apparently official messages and clicked on a link connecting their wallet, which then transferred its contents to the hackers. This is like the ‘double your money’ scam in all MMOs ever, except it’s somehow even dumber.

View more

Based on the answers above, many Bored Ape fans seem to have their crypto wallets wiped clean by hackers. What will happen next is anyone’s guess: hackers might disappear into internet night, while the good old Bored Yacht Club offered the following explanation:

“This morning, BAYC’s official Instagram account was hacked. The hacker posted a fraudulent link to a BAYC website impersonator with a fake Airdrop, where users were asked 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 made off with assets that have a theoretical value in the millions (here is the hacker’s walletdiscovered by crypto-sleuther Zackxbt).

View more

There is now the rather amusing spectacle of people claiming that their pictures of monkeys are stolen monkey pictures, while the Bored Ape Yacht Club insists it had best practices in place, and who could have predicted that. For those affected, it’s enough to make you seriously wonder about the wisdom of huge speculative investments in unproven commodities. I mean, the consequences could drive you to monkey.

Leave a Comment