Yuga Labs, creators of the popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), confirmed the detection of the second cyberattack that targeted its systems in less than a month, in an incident that generated losses of around 200 ETH or either $350,000.
The attack was first reported by Onchain analyst, OKHotshot, who posted on Twitter to alert what had happened. In a first tweet, the researcher mentioned that the BAYC and the OtherSide metaverse Discord accounts were compromised by threat actors.
Once the attackers gained access to these platforms, they posted a message targeting the NFT community offering purported exclusive giveaways for BAYC and Otherside token holders: “We are releasing another exclusive giveaway to all our holders listed above”, read the message, posted alongside a link to a phishing website.
As users may remember, phishing is an online identity theft technique in which scammers trick victims into revealing their confidential information using malicious websites. In the world of cryptocurrencies and NFTs, cybercriminals use these websites to gain access to victims’ online wallets and transfer the virtual assets to their own accounts.
Short after the researcher released the alert Yuga Labs acknowledged that its Discord servers were succesfully attacked: “The team caught the incident and quickly addressed it. It seems that about 200 ETH in NFT had been affected. We’re still investigating, but if you were affected, please email us”.
As mentioned above, this is the second attack against Yuga Labs in just two months; the first incident was reported in mid-April, through the hacking of BAYC’s official Instagram account to post a malicious link that allowed the theft of 91 “apes”. The attackers responsible for this theft also used a link to a fake BAYC website promoting an alleged giveaway; once affected users entered their information, their virtual assets were transferred to addresses controlled by the hackers.
Feel free to access the International Institute of Cyber Security (IICS) websites to learn more about information security risks, malware variants, vulnerabilities, and information technologies.
He is a well-known expert in mobile security and malware analysis. He studied Computer Science at NYU and started working as a cyber security analyst in 2003. He is actively working as an anti-malware expert. He also worked for security companies like Kaspersky Lab. His everyday job includes researching about new malware and cyber security incidents. Also he has deep level of knowledge in mobile security and mobile vulnerabilities.