NFT Trader, a peer-to-peer trading platform, has faced a significant security breach. This attack led to the unauthorized transfer of numerous high-value NFTs, including prized tokens from the Bored Ape and Mutant Ape Yacht Club collections, World of Women NFTs, VeeFriends, and Art Blocks. The financial repercussions are staggering, with losses running into millions.<\/span><\/p>\n Following the breach, NFT Trader urgently called its users to revoke permissions linked to two compromised smart contracts. This measure aims to prevent further unauthorized transfers. The company confirmed the attack on \u201cold smart contracts\u201d in an X post and highlighted the importance of user vigilance in securing digital assets.<\/span><\/p>\n <\/p>\n The main hacker, whose identity remains unknown, has communicated via the blockchain. They claim the exploit was initially intended to clean up \u201cresidual garbage.\u201d However, the situation escalated, with the hacker demanding ransoms of 3 ETH and 0.6 ETH for the return of Bored Apes and Mutant Apes, respectively. Adding to the complexity, the hacker unexpectedly <\/span>refunded <\/span><\/a>one Bored Ape along with 31 ETH to a user and returned certain staked Bored Apes to their owners while retaining the ApeCoin rewards.<\/span><\/p>\n <\/p>\n Reports have emerged of auxiliary hacks resulting in the loss of other NFTs, such as Cool Cats and Squiggles, from users\u2019 wallets. The community response has been mixed, with confusion and concern over the unpredictable nature of the hacker\u2019s actions. NFT Trader has not yet <\/span>responded <\/span><\/a>to requests for comments on these additional incidents.<\/span><\/p>\n In a significant development, the Bored Ape Yacht Club\u2019s founder, Garga, has offered to pay the 10% ETH bounty demanded by the hacker. This intervention is critical to resolving the crisis and recovering the stolen NFTs. However, it also raises concerns about setting a <\/span>precedent <\/span><\/a>for future cyber attacks, signalling that ransom demands might lead to financial gains for hackers.<\/span><\/p>\n <\/p>\n Read Also:<\/b> VanEck CEO Predicts Record Bitcoin Highs in Next Year<\/span><\/a><\/p>\n <\/p>\n \u2713 Share:<\/p>\nNFT Trader Platform\u2019s Urgent Call to Users<\/h2>\n
Hacker\u2019s Actions and Demands<\/h2>\n
BAYC Founder Steps Up Amidst Crisis<\/h2>\n
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