More than $1 Million worth of Bored Ape (BAYC) NFTs Stolen In Latest Scam!

More than $1 Million worth of Bored Ape (BAYC) NFTs Stolen In Latest Scam! 

Recently on December 17th, a number of popular NFT influencers on Twitter revealed that up to 14 Bored Ape Yacht Club NFTs had recently been stolen in what appears to be the latest scam to hit the NFT community.

The BAYC Scam

Twitter user and Bored Ape collector @_sevenseason_ saw all 14 of his prized Bored Ape Yacht Club NFTs, worth anywhere around 825 to 1200 ETH (~$1 million) stolen after being approached by a scammer.

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The scammer in question had reportedly claimed themselves to be a casting director working for “Forte Pictures”, an LA based Emmy award winning company, and asked the victim to license IP rights for BAYC #2060.

For the next month the victim was made to believe that the scammer was a real person through multiple fake calls, fake legal contracts, fake pitches and partnerships, and hosting frequent Twitter spaces.

The scammer then sent the victim to a fake website to “sign the contract” where the user was made to sign a gasless transaction on their wallets. The signature turned out to have been a private bundle listing of all of the victim’s BAYCs to the scammer, causing the victim to have their wallet drained from all 14 of their BAYC NFTs immediately. 

BAYC Scams & Hacks This Year

The theft of these 14 BAYC NFTs have become the latest of many attacks and scams to target Bored Ape Yacht Club NFT holders. 

This year BAYC saw multiple hack attempts on its social media, notably up to $3 million in NFTs stolen after BAYC’s official instagram was hacked earlier this year after the hacker had posted a phishing link to drain multiple users’ wallets.

In Summer the BAYC team also gave multiple warnings that an anonymous group were seemingly trying to target all of Yuga Labs’ social media accounts, warning holders to not click on any suspicious links.

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