• 04 July, 2024
News

Sophisticated Phishing Scam Steals BAYC And MAYC Tokens In Major NFT Theft

Valuable tokens from the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) have been targeted and stolen in a recent phishing attack. In a recent development, it has been reported that tokens were stolen and later sold on the Blur marketplace, leading to a significant loss of more than 100 ETH.

Peckshield, a blockchain security firm, has revealed that an individual with the address 0x78d8d0e65866be96b9ec64cfd54b4d80721b3eef has set their sights on NFTs from notable projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and HV-MTL. 

In addition, Peckshield shared this caution on the Twitter thread:

On Arkham, the transaction history has revealed transfers made by the phisher, encompassing different amounts of ETH. In a startling development, stolen tokens were reportedly sold on the marketplace within 10 hours. The incident has raised serious concerns about the security of the affected platform. Tokens stolen have been reported to have been sold on the Blur platform, resulting in transactions that amounted to around 107 ETH, which is approximately $193,000. 

It has been revealed that phishing attacks seriously threaten individuals and their sensitive information. These attacks involve deceptive tactics to trick people into revealing passwords or private keys, ultimately leading to unauthorized access and theft. Individuals must know this danger and take precautions to protect their personal information. In a recent development, BAYC and MAYC tokens have been compromised by attackers, resulting in their subsequent sale on the Blur platform.

In a groundbreaking development, the most valuable NFT collection by total value was BAYC, owned by Yuga Labs. The collection is estimated to be worth a staggering 1.2 million ETH, translating to a mind-boggling $3.9 billion. In a remarkable turn of events, the collection experienced a significant surge in popularity during March following the introduction of its native token, ApeCoin.

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