The Bored Ape Yacht Club, or BAYC for short, was hacked yet again, and an estimated 360,000 dollars in NFTs, or 200 ETH, was lost.
The BAYC Discord server was hacked, according to Fortune, when the community manager’s Discord account was stolen, allowing the fraudster to send phishing links. According to the study, a Twitter user named @NFTherder initially noticed the problem, “tracing the stolen assets to four separate wallets worth an estimated 145 ETH (approximately $260,000).”
Yuga Labs has experienced this twice in the last two months. A hacker was able to steal a user’s funds in April, resulting in the loss of approximately 2.8 million dollars in NFTs. Some people are concerned that NFT hacks are becoming more common.
Actor Seth Green had his NFTs stolen earlier this month, which forced him to put his new animated program on hold because the NFTs were supposed to be featured in it.
Some people believe that Discord is the problem. According to Gordon Goner, a founder of BAYC, this recurring issue indicates that Discord isn’t a reliable website for keeping NFTs safe, as he remarked on Twitter: “Discord isn’t working for web3 communities.” We need a new platform that prioritizes security.”
However, some believe it is a function of how safe you are online, as one individual stated that Discord is not the issue and that this could occur on any platform.
“All the project owners out there – please focus on discord security and audit. Protect your holders and also your brand,” one person Tweeted. On Twitter, BAYC addressed the situation writing “Our Discord servers were briefly exploited today. The team caught and addressed it quickly. About 200 ETH worth of NFTs appear to have been impacted. We are still investigating.” They also reminded people that “We do not offer surprise mints or giveaways.”