7 Bored Apes worth $700K Stolen

A holder of Bored Ape Yacht (BAYC) Club NFTs has fallen victim to a phishing scam. The attack led to the loss of 7 Bored Ape Yacht Club NFTs, each worth at least $100,000 according to the current floor prices.

The price floor of the Bored Ape Yacht Club NFTs is currently 73 ETH. The NFTs have a 24-hour trading volume of 847.69 ETH with a total of 11 sales. The price floor of the Bored Ape Yacht Club NFT has risen by 0.00% in the last 24 hours.

Source: nftpricefloor.com

The BAYC 7D average sale price is 80.174 ETH with the 7D highest price being 190.00 ETH. The 7D lowest sale price for Bored Ape Yacht Club NFTs is 61.80 ETH. The BAYC NFT project is currently ranked #1 in terms of NFT Price Floor and it has a floor cap of 730,000 ETH. The NFT has a listed ratio of 8.34% and a maximum supply of 10,000.

The victim of the scam was tricked to approve a malicious contract. It was after this that the scammer was able to transfer the 7 Bored Ape Yacht Club NFTs out of the victim’s wallet.

One of the stolen NFTs is BAYC #6567, which had been bought for 190 ETH ($250,000) two days before the attack. The scammer later offloaded the stolen BAYC NFT for 63 ETH.

BAYC #6567 (Source: opensea.io)

Serial NFT Scammer

There is a high chance that the scammer who stole the NFTs is a repeat offender. This is according to ZachXBT, a popular whistleblower in the cryptocurrency industry.

ZachXBT posted on Twitter that the person who stole the 7 BAYC NFTs had also stolen Bored Ape 8941 in September. The blockchain sleuth went further to link the theft of Bored Ape 8941 to an individual he refers to as HK/Chase. The scammer could be working for a group of hackers who allegedly hacked into more than 600 Discord servers.

According to CirrusNFT, a collector who narrated the liquidations that BAYC holders face on BendDAO, this is the “worst wallet drain in recent memory.”

This is not the first time scammers are targeting Bored Ape Yacht Club NFT holders. In May, a hacker managed to steal Bored Ape belonging to actor Seth Green. In April, another scammer hacked into the official BAYC Instagram account and stole four NFTs.

The reason could be the high value of the Bored Apes. Most people have wanted to be associated with the famous Bored Ape Yacht Club, including top celebrities. The Bored Apes are usually used as profile pictures (PFPs) on social media platforms such as Twitter and Instagram.

Some of the Bored Ape Yacht Club NFT owners using their NFTs as Twitter profile pictures include Eminem (with over 22.6 million followers), Timbaland (with over 1.6 million followers), and Neyman Junior (with more than 55 million followers). Paris Hilton and Jimmy Fallon also own Bored Ape Yacht Club NFTs. Justin Bieber made headlines after he purchased a BAYC NFT for $1.29 million.

By darnell
October 13, 2022