On Monday, unidentified persons managed to steal NFTs traded at high prices from the “Bored Ape Yacht Club” (BAYC) collection. According to the BAYC makers of YugLabs, the stolen NFTs are currently valued at around $3 million. Cybercriminals apparently managed to hijack the BAYC Project’s Instagram account. In addition, they distributed links to a fake page imitating the original page of the project with false promises. Once victims have linked their MetaMask wallet to the site and have agreed to transact in good faith, their NFTs will be sent to an address controlled by the crooks.
A spokesman for YugLabs said the investigation into how the criminals took over the Instagram account is still ongoing. For Coindesk Expert Service, Address assigned to attackers Shows more than one hundred ERC721-NFTs possibly stolen from various collections, including the “Mutant Ape Yacht Club” and other high-value ones from the “Bored Ape Kennel Club”.
monkey pictures as status symbols
From a purely technical point of view, Bored Ape Yacht Club’s 10,000 monkey drawings are just documents on the Ethereum blockchain on NFTs, JPEGs that are stored in the decentralized storage service Interplanetary File System. The real meaning lies more in efficient digital brand management.
Currently, Bored Monkeys is probably the most famous collection of NFT hype, which is currently popping up in America’s popular culture. Celebrities such as rappers Eminem and Paris Hilton are among the owners of Monkey NFTs, which trade at an average of six-digit amounts and are often presented as status symbols to the public. There are brand collaborations with well-known brands like Adidas. In addition, there are plans for movies, the digital world of experience or even special events only for NFT owners. And other NFT projects are trying to challenge the status quo of long bored monkeys.
(Axe)
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