As the world of cryptocurrency continues to boom, one trader’s devastating loss serves as a cautionary tale. A cunning phishing attack targeted the highly coveted Bored Ape Yacht Club (BAYC) collectibles, leaving the victim reeling from a staggering $145,000 blow.
On-chain security platform PeckShield drew attention to the activities in an X post on May 9.
The heist left us reeling as three precious Bored Ape Yacht Club NFTs were snatched away. It all started at 17:47 UTC on May 8, when BAYC 7531 was slyly swiped from tatis.eth and sent to a shady phishing account. But the thief didn’t stop there – they brazenly snatched BAYC 6736 and BAYC 2100 and funneled them to the same devious address.
The infamous Pink Drainer strikes again, making off with not one, not two, but three precious BAYC NFTs worth a whopping $145,000 in total! This cunning hacker pulled off the daring heist on two top NFT marketplaces, Seaport and Blur, leaving investors and collectors in shock.
But this is not the first time Pink Drainer has wreaked havoc in the world of cryptocurrency. Just a few months ago, they made off with $4.4 million worth of Chainlink (LINK) tokens, proving their mastery in the dark arts of cybercrime.
The cunning hackers employed sly strategies, duping unsuspecting users into giving permission for transactions connected to the “IncreaseAllowance” feature, ultimately causing a staggering loss of 275,700 LINK.
Exclusive: FTX’s Pre-Deadline $8.3 Million Crypto Transfers Raise Eyebrows: Here’s the Truth
Bitcoin Bull Market Resumes – $BTC Above $64,000
Philippines to introduce crypto regulations in 2024, says SEC chair
The final months of last year were marred by a wave of cunning cyber attacks. In a particularly alarming incident, JPEG’d, a popular NFT protocol, issued a warning to its loyal followers about a series of fraudulent platforms masquerading as their own.
These deceitful imposters were on a mission to deceive unsuspecting users into granting them access to their precious NFTs and digital treasures, only to leave them empty-handed and devastated.
In a shocking turn of events, the highly anticipated Flooring Protocol, a revolutionary liquidity solution for NFTs, was brought to its knees in December 2023. A cunning hacker who targeted the protocol’s multi-call smart contract, leaving it vulnerable to attack. The theft and dumping of precious NFTs.