Apes have finally got something to get excited about.
The famous non-fungible token collection from the ethereum blockchain, the Bored Ape Yacht Club, was attacked by hackers who made off with millions of dollars worth of simian images.
'We alerted our community,' says one expert.
Yuga Labs, the company that led the NFT project, stated that the monkey business started when the BAYC's official Instagram account was deactivated.
Four Bored Apes, six Mutant Apes, and three Bored Ape Kennel Club, along with several other NFTs, estimated the losses resulting from the scam.
Yuga Labs said that a safe TransferFrom incident required users to connect their MetaMask to the scammer's wallet in order to participate in a bogus Airdrop.
Yuga Labs said, "We alerted our community, removed all Instagram links from our platform, and attempted to recover the corrupt Instagram account."
"We're still investigating how the hacker was able to access the account," Yuga Labs said.
'No Mint is Going on Today,' says the narrator.
On its Twitter page, the Bored Ape Yacht Club also appealed.
If you were affected by the hack or have any questions that might be helpful, contact ighack@yugalabs.io. "You must contact us first - anyone contacting you first is not us. We will NOT contact anyone via email first, and we will NEVER ask for your seedphrase."
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"There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to something."
The Yacht Club of Bored Ape was suspended earlier this month.
According to Peckshield, the unknown hacker's phishing scam was successful as it made off with one user's mutant Ape NFT.
BAYC claims that a webhook in the collection's Discord channel was "briefly compromised" and warned users to not be caught by fraudulent stealth mints or airdrops.
A sluggish agent stole over half a million dollars worth of hidden Ape NFTs in early April.
After swapping their NFTs at a store called "Swap.Kiwi," a bored ape dealer who went by the name "s27," lost $567,000 in a row. This allows for direct NFT swaps between collectors, which also reduced transaction fees.
Yuga Labs makes money by selling the NFTs and also paying a small percentage when the NFT is resold on the blockchain.
The Bored Ape Yacht Club is by far the company's most popular collection. There are only about 10,000 apes in the collection, and the minimum cost to purchase one is 93 ether, or $224,000.
Celebrities like Paris Hilton, Jimmy Fallon, and Eminem have all had their own special apes.
