Bored Ape Yacht Club Instagram Hack Leads to $2.8M Theft

posted onApril 25, 2022
by l33tdawg
PC Mag
Credit: PC Mag

Someone hacked the official Instagram account for Bored Ape Yacht Club (BAYC), the non-fungible token (NFT) collection that appears to be equally popular with crypto bros and the Hollywood elite, and made off with 91 NFTs valued at approximately $2.8 million.

The Block reports that whoever hacked the official BAYC account on Instagram posted a fake announcement telling followers they needed to connect their MetaMask wallet to claim a so-called airdrop related to "a metaverse game that will contain virtual land."

Translated from Web 3.0: Someone used Instagram to convince people who like a collection of blockchain-tracked JPEGs they needed to connect their cryptocurrency wallets to the hacker's wallet so they'd be eligible to receive the rights to fake land in a game that hasn't launched.

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