NFT scams: BAYC victim of hacking once again!

The universe of NFTs is attractive and scary at the same time. While the expansion of these assets is attracting more and more investors, the hacks leave something to be desired. One of the biggest collections of the moment pays the price. Once again, BAYC is losing ETH and monkeys. What’s behind all these NFT scams?

NFT scams hit the cryptosphere once again

While investors are increasingly interested in NFTs, the sector is not looking good. Indeed, we detect many scams that leave something to be desired. BAYC is known as one of the best NFT collections around. However, it has been constantly hacked for several months.

According to an NFT Channel analyst, hackers managed to breach the security of Bored Ape community manager Boris Vagner. Officials took over Discord servers and redirected members to a phishing site. These hackers allegedly stole 145 ETH, or $260,000 in crypto and $360,000 in NFT.

A few hours later, Yuga Labs, the company behind BAYC as well as many other collections corroborated the facts. According to the statements, the route of the stolen assets is already known and the malicious wallet identified. But for NFtherder, all this is perhaps the cause of negligence. His opinion thus mingles with that of many other members who are beginning to question what is causing all these NFT scams.

Remember that this inconvenience is not the first. In effect, Bored Ape has been the target of hackers for several months. A hack had already taken place in early April, then another in late April and another in May. Faced with these repetitive hacks, reimbursing the losses of NFT holders is no longer an effective solution. What should be done to end this series of hacks? Attributing them to misfortune is no longer enough to satisfy the members of the community. It is clear that in this case, drastic measures must be taken.

What if we bet on online NFT security?

NFT scams targeting BAYC for some time have puzzled investors. Once it passes. Twice is understandable. But when it turns into a chain action, the members are right to start asking questions. At this rate, people no longer know who to blame. Are these frauds due to the lack of attention of the investors or to the negligence of the founders of the collection?

In this growing questioning, one word keeps coming back: security. So is online security the answer to ending hacks? For the moment the only advice is to carry out the basic checks to know if the site is reliable or not. Decentralized assets are not immune to possible interference. Because of this, you need to find measures to secure your assets. It is not enough to use a blockchain ledger to be protected from scams.

A change of mentality is also necessary to protect oneself from theft. As long as there are NFT holders, there are bound to be hackers. There are people whose main mission is to rob others. It is not because you resort to decentralization that all your problems will be solved at once. Therefore, pay attention, notice how your community works, and avoid anything that seems unusual. Gifts and surprises are no reason to rush headlong into a trap.

Fraud has been around for ages, so it’s nothing new. Opting for safety and caution can save you from NFT scams. While some blame Discord, others blame Yiga Labs. But whatever your point of view, hackers will always be looking for new victims. It’s up to you to protect yourself.

Source : Dappradar

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Eddy Senga

The world is changing and adaptation is the best weapon to survive in this undulating universe. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. In order to share my experience and make known a field that fascinates me, nothing better than writing informative and relaxed articles at the same time.

We wish to thank the writer of this post for this outstanding material

NFT scams: BAYC victim of hacking once again!

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