Online Perpetrators Steal Ethereum And NFTs From Yuga Labs Through Server Hack

Share This Post

Server hacking using phishing messages and links is increasing with Ethereum and crypto market. The perpetrators usually gain access to the server to post malicious links and messages. Once someone clicks on the links and provides personal details, there’ll lose their assets.

The crypto space has again marked another server hack incident leading to the loss of about 200 Ethereum in NFTs. The incident is on the Discord server of Yuga Labs’ project, the Bore Ape Yacht Club (BAYC).

A Twitter post had revealed the loss of non-fungible tokens (NFTs) worth about $360,000. A Twitter user, NFTherder, first reported the incident was through the hacking of the Discord server of the BAYC.

The user has given an estimate of 145 Ethereum, worth $260,000 of the stolen value for the NFTs. Also, he mentioned that he had traced the funds to 4 different wallets.

Online Perpetrators Steal Ethereum And NFTs From Yuga Labs Through Server Hack
Ethereum headed towards the $1900 mark | Source: ETHUSD on TradingView.com

The hack came through phishing links that the attacker posted on the Discord server of the project. Post was through the compromised Discord account of Boris Vagner, the project’s community manager.

Related Reading | Chipotle Now Accepts Payments In Bitcoin, Dogecoin

Also, the attacker posted the links to the Discord of Otherside, the metaverse project of the BAYC. Further, in its confirmation tweet, Yuga Labs stated that it’s still undertaking investigatory measures over the attack.

Yuga Labs had suffered two previous attacks, with this recent one making it the third. The first attack was on the theft of Mutant Ape Yacht Club through a phishing link on the project’s Discord. It occurred on April 1.

The second attack came through a fake link posting on Otherside minting from the Discord and Instagram accounts of Bored Ape Yacht Club. This occurred on April 25.

Hackers Stole Ethereum And NFTs Using Discord Messages

Besides managing the BAYC, Boris Vagner is also the manager for Richard Vagner, his brother, a multi-instrumentalist. Richard, a Grammy-winner, together with Boris, founded Spoiled Banana Society (SBS), an NFT club based on football fantasy. There was also a post of similar phishing links from the attacker on the Discord channel of SBS. However, Richard mentioned the message being deleted.

Using a Discord message as of 09:00 UTC, Richard Vagner had notified the public of the serve hack. He mentioned that they had reclaimed his brother’s account and their discord control. Also, he anticipated that users had not opened the links while being excited about not deleting the entire discord server.

Richard had confirmed the hacking of both the Discords servers of BAYC and Otherside. Though they are yet to receive information on anyone affected within the SBS channel, he has demanded more information from their club members.

Related Reading | Bitcoin ATM Installations Notch Record Drop In May – Demand For Crypto Waning?

Also, he maintained that they would keep up within the coming days for any possible feedback. Richard further advised the members to remain safe. One of the phishing attacks experienced in the NFT sector last week was on Seth Green, a prominent actor. The attacker succeeded in ripping him off his Bored Ape NFT and Ethereum.

Featured image from Pexels, chart from TradingView.com
Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points

The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 2725% and increased the Cash Reserve Ratio (CRR) for banks These measures aim to combat inflation and

XRP Price Remains in Range: Can It Escape the Consolidation?

XRP price is still consolidating above the $05785 support The price must clear the $05950 and $06050 resistance levels to gain bullish momentum XRP price is still trading below the $0600 resistance

North Korea Signals Closer BRICS Relations Amid Growing Russia Ties

North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event Analysts suggest

Bitcoin’s Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?

The Bitcoin Puell Multiple, a key on-chain metric used to assess the profitability of Bitcoin miners, is currently signaling a potential bullish reversal for the leading cryptocurrency According to a

Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims

The US Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc and Truecoin LLC The charges allege fraudulent misrepresentations and unregistered

Bitcoin Miner Relief Ahead: Difficulty To Drop By 5% Next

On-chain data suggests that the difficulty of Bitcoin mining is set to drop around 5% in the next network adjustment, a change that miners would appreciate Bitcoin Network Block Time Has Been Slower