this post was submitted on 19 May 2025
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[–] vaguerant@fedia.io 108 points 16 hours ago (4 children)

They compromised the official Instagram account then phished its followers for their NFTs.

The attacker seized control of the BAYC Instagram account and sent a phishing post that many followers were fooled into clicking on, connecting their crypto wallets to the hacker’s “smart contract” – a mechanism for implementing a crypto transaction. That enabled the attacker to steal the assets held in the wallets, seizing control of four Bored Apes, as well as a host of other NFTs with an estimated total value of $3m.

https://www.theguardian.com/technology/2022/apr/26/bored-ape-yacht-club-nft-hack-theft-art-simian-oblivion

[–] lime@feddit.nu 78 points 16 hours ago (1 children)

well in that case it's fine. the blockchain is tamper-proof after all, so it must have been legitimate transfers.

[–] Passerby6497@lemmy.world 61 points 15 hours ago (1 children)

Of course, because if it’s a legitimate theft, the block chain has ways to try to shut that whole thing down.

[–] Damage@feddit.it 5 points 11 hours ago

I mean if you want steal it makes sense to target idiots

[–] jdeath@lemm.ee 10 points 15 hours ago

so nothing changed about the fungibility at all

[–] slazer2au@lemmy.world 11 points 16 hours ago

Ah, fair enough.