On June 5, the Discord server of Bored Ape Yacht Club (BAYC), a famed Non-Fungible Token (NFT) project, was hacked again, with hackers gaining access to the manager’s profile and posting false mint links.
Yuga Labs tweeted to confirm the news:
“Our Discord servers were briefly exploited today. The team caught it and addressed it quickly. About 200 ETH worth of NFTs appear to have been impacted. We are still investigating, but if you were impacted, email us at discord@yugalabs.io.”
The hack was first discovered by a Twitter user, @NFTHerder, an on-chain investigator and security master, who noticed that the scammer had hacked the account of Yuga Labs’ virtual entertainment chief, Boris Vagner. As per NFTHerder, over 70 projects on Discord server were hacked in May, including Blockworks, OpenSea, Cool Cats, and Okay Bears, Alpha Kongs Club.
Bored Ape Yacht Club (BAYC) warned its users that it doesn’t offer free mints or any of the unexpected giveaways that are in many cases depicted on Discord, which has caused financial backers a tone of torment as of late.
Discord has evolved into a key site for Web3.0 projects, notably NFT collections. While the platform has many features that make it a great venue to demonstrate the sophistication in design by NFT projects, constant hacks and attacks typically render the platform ineffective. With the developing pace of double-dealing of NFT and blockchain-related new businesses, another degree of safety is profoundly pursued with a huge number of people previously pushing for the rise of a decentralised web-based entertainment stage that will be fueled by blockchain innovation.
The race to build these decentralised social media systems is already beginning, and in addition to Bluesky, which is backed by Twitter, several other entrepreneurs in the sector are apparently working on a similar solution.
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, a famed Non-Fungible Token (NFT) project, was hacked again, with hackers gaining access to the manager's profile and posting false mint links.){kind=link}