BAYC Instagram Hacked, Around $10M worth NFTs stolen

Key Takeaways:

  • BAYC Instagram account was hacked early morning. The Hacker posted a fraudulent link to a copycat of the BAYC website with a fake Airdrop, where users were prompted to sign a safeTransferFrom transaction. This transferred their assets to the Hacker’s wallet.

BAYC team has told in a Twitter thread that, after discovering the hack, they have alerted the community and removed links to the compromised IG account from our platforms and attempted to recover the account.

At the time of the hack, two-factor authentication was enabled, and security surrounding the IG account followed best practices.

This hack has resulted in 4 Apes, 6 Mutants, 3 Kennels, and some other valuable NFTs being lost. In total, 91 NFTs were lost in a few minutes. Here is the Hacker’s etherscan address: https://etherscan.io/address/0x8c7934611b6ad70fbea13a1593de167a4689b9a9.

Hackers have already sold around 23 NFTs and gained $2.4M. Below is the screenshot of all the sold NFTs.

Bayc Instagram Hacked, Around $10M Worth Nfts Stolen
Sold NFTs by Hackers

They have also donated 1.6 ETH to Ukraine Crypto Donation and began transferring stolen ETH to CEXes. Below is the screenshot by PeckShield on how Hacker is moving funds.

Bayc Instagram Hacked, Around $10M Worth Nfts Stolen
Utilization of Hacked Funds

A new trend is started to emerge where hackers donate to Ukraine Crypto Donation. Previously, we have seen how hackers have donated $250K to Ukraine Crypto Donation in Beanstalk Farms Hacked. Below is the screenshot of Hacker’s transaction to Ukraine Crypto Donation.

Hackers Donated To Ukraine
Hackers Donated to Ukraine

If anyone is affected by the hack or has information that might be helpful for the BAYC team, they can reach out to [email protected]. Also, the team has reminded the community that they will not reach out to anyone over email first and will never ask for seed phrase. Finally, the team will do a full post-mortem on the attack.

Here are the screenshots of some prominent NFTs stolen during the hack.

Bayc Instagram Hacked, Around $10M Worth Nfts Stolen
Stolen NFTs
Bayc Instagram Hacked, Around $10M Worth Nfts Stolen
Stolen NFTs
Bayc Instagram Hacked, Around $10M Worth Nfts Stolen
Stolen NFTs

Also, they will never announce mints first on the BAYC Instagram accounts first ever. As of now, they have regained control of the account and are investigating how the Hacker gained access with IG’s team.

As crypto hacks are increasing nowadays, our readers should stay alert.

Here are some latest hacked Projects our readers should know about:
  1. Beanstalk Farms Hacked, Around $80M Lost, $250K into Ukraine Crypto Donation
  2. Starstream Finance Hacked, Around $4M Stolen
  3. Yeed Token: Hacker Gained $1M but Forgot to Transfer the Loot
  4. Inverse Finance Hacked, Around $15.6M Lost
Yash Kamal Chaturvedi
Yash Kamal Chaturvedi

Btech Computer Science, Maharshi Dayanand University, Rohtak (2023)

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