BAYC and MAYC Tokens Stolen in Phishing Scam – Crypto News – Crypto News
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BAYC and MAYC Tokens Stolen in Phishing Scam – Crypto News

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3 years ago

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In a latest Phishing attack, valuable tokens from the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) have been targeted and stolen. The stolen tokens were subsequently sold on the Blur marketplace, resulting in a loss of over 100 ETH.

BAYC

Blockchain security firm Peckshield reported that an individual with the address 0x78d8d0e65866be96b9ec64cfd54b4d80721b3eef has targeted NFTs from projects like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and HV-MTL. The stolen NFTs, including BAYC #4665 and #6153, MAYC #9532, and HV-MTL #17193, were specifically identified as the targets of the theft.

The stolen tokens were subsequently sold on the Blur platform, resulting in transactions totaling around 107 ETH (approximately $193,000).

How Crypto Phishing Scams Operate..

The transaction history on Arkham reveals the transfers made by the phisher, involving various amounts of ETH. The incident occurred within a span of 10 hours, during which the stolen tokens were swiftly sold on the marketplace.

Additionally, the phisher transferred a significant portion of the stolen funds, around 104 ETH (approximately $188,000), to the popular cryptocurrency exchange Binance,

Coinggape reported last month about BAYC Discord server hacking and Taiwanese singer Jay Chou said his tokens were stolen in a phishing attack.

It is important to note that phishing attacks involve deceiving individuals into disclosing sensitive information, such as passwords or private keys, with the intention of unauthorized access and theft. In this case, the attackers managed to compromise BAYC and MAYC tokens, leading to their subsequent sale on the Blur platform.

Owned by Yuga Labs, BAYC is the most valuable NFT collection by total value, which is at about 1.2 million ETH ($3.9 billion). The collection saw a surge in popularity through March after it introduced its own native token, ApeCoin,

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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