2.5 million NFT stolen from Bored Apes in Instagram hack

There are only a few days left for the launch of Otherside, the metaverse of the NFT firm Bored Ape Yacht Club. Many of the holders of these non-fungible tokens were very attentive to social networks to be able to hunt an opportunity within this new virtual world. Last Monday, a post on the official Instagram profile of Bored Apes invited users to participate in an Airdrop to get a free land on Other side. What no one imagined is that it was a maneuver of phishing.

Bored Ape HACKED Club

bored ape other side

The blockchain may be foolproof, but social engineering will always be one step ahead. Last Monday, many Instagram users saw a post on the official Bored Ape Yacht Club profile inviting them to participate in a Otherside Airdrop. They just had to enter a URL and connect their Ethereum wallets to receive their first land within the metaverse. Many did not think twice and not only participated, but also sent the link to private Discord groups so that more users could take advantage of the gift. What not many realized is that it was a fraud: someone had managed to hack Bored Ape Yacht Club’s Instagram account to make the post. On the other hand, the URL was fake, but it was a perfect clone of the original ape web.

The result of all this has been quite catastrophic. By accepting the contract, users inadvertently authorized all assets in their Ethereum accounts to be transferred to a wallet controlled by the attacker. On Ethereum alone, hackers seized the equivalent of $2.3 million. On the other hand, they also stole all the NFT’s What was in the bags? So far, a total of 90 units are known to have been lost, some of them quite exclusive.

At the moment, Bored Ape Yacht Club knows absolutely nothing about the attackers. According to the official team, the account was protected with a factor of two-step authentication, security system that has not served to stop hackers. Nor has any group of hackers claimed responsibility for the attack, so everything is unknown at the moment. The only thing that is known is that 1.6 ETH of those who have stolen have been transferred to a fund intended for those affected by the invasion of Ukraine.

Will Otherside’s release be stopped because of the hack?

For now, the Bored Ape Yacht Club team has no plans to delay the launch of Otherside. Apparently the official release will be this Saturday, April 30 at 6:00 p.m. Spanish time. From that moment on, the first land auction will take place. It is also known that during the first hours there will be an Airdrop. Since there was an official Airdrop, this could have generated confusion, and may have been the reason why so many users have fallen victim to this elaborate hacking maneuver. phishing.

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