The vulnerability of NFTs in general has even supporters of the technology feeling uncertain. Just last month, an NFT game called Axie Infinity fell victim to one of the largest decentralized finance hacks to date when a group of hackers stole $625 million from Ronin Network, the Ethereum-linked blockchain platform the game was founded upon. Due to uncertainty about the numbers, it's estimated that the hacker got away with a haul worth between $2.57 and $13.7 million, or more.īeing contained solely in a digital space makes NFTs and cryptocurrency particularly vulnerable to hackers. Others estimate that the number is closer to 50 or even 100, comprising Bored Ape, Bored Ape Kennel Club, and Mutant Ape NFTs. According to Bored Ape, the Instagram hacker got away with a total of 13 NFTs. That hasn’t hindered the hacker, however, who simply went to another marketplace and has already begun selling off the loot. Alas, the Instagram link was merely a phishing scam, and people who unwittingly clicked on it and connected their crypto wallets had their Bored Ape NFTs stolen.īored Ape immediately removed all links to Instagram from its platforms OpenSea, the largest NFT marketplace, put a “suspicious activity” label on the stolen apes. This wasn't necessarily suspicious behavior because Bored Ape gave away free Mutant Ape NFTs when that collection launched in August 2021. On April 25, a hacker or hackers managed to get access to the Bored Ape Instagram account and posted a link promising a free allotment of land in an upcoming Bored Ape MMORPG metaverse called Otherside. Ironically, Instagram happens to be one of the apparent weaknesses of Bored Ape and non-fungible technology in general. RELATED: Blizzard President Shuts Down Concerns Over NFTs Bored Ape has also launched two other collections, Bored Ape Kennel Club and Mutant Ape, which are worth significantly less. In the year since its introduction, numerous celebrities like Stephen Curry, Jimmy Fallon, Gwyneth Paltrow, and Eminem have purchased some of the ape avatars and shared their acquisitions on Instagram. Launched in April 2021, the collection consists of 10,000 unique digital avatars built on the Ethereum blockchain. One of the most prominent NFT collections is called Bored Ape Yacht Club, or simply Bored Ape.
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