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An nft trader recently lost more than $145,000 worth of Bored Ape Yacht Club (BAYC) collectibles due to a phishing attack amid the increasing rate of scam schemes that have plagued the cryptocurrency scene.
On-chain security platform PeckShield drew attention to the moves in an x post on May 9.
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The attack resulted in the loss of three BAYC nfts. The incident, which began at 17:47 UTC on May 8, saw BAYC 7531 transferred from tatis.eth to the phishing account. The attacker later moved BAYC 6736 and BAYC 2100 to the same address.
The malicious actor, identified as Pink Drainer, absconded with the three BAYC nfts at the time of this publication, selling them for a total of 48.5 eth, equivalent to $145,000. Sales took place on major nft marketplaces Seaport and Blur.
This incident follows previous reports of nefarious activities in the cryptocurrency space. In December 2023, the same group of hackers was reported to have stolen Chainlink (LINK) tokens worth $4.4 million.
The hackers used deceptive tactics, tricking users into authorizing transactions linked to the “IncreaseAllowance” feature, resulting in losses totaling 275,700 LINK.
In particular, the fourth quarter of last year saw a prevalence of these attacks. Last October, JPEG'd, an nft protocol, alerted its community about several malicious platforms imitating its services, aiming to ensure transaction approval before draining users of nfts and digital assets.
Similarly, in December 2023, Flooring Protocol, a liquidity solution for nfts, fell victim to an exploit when its peripheral or multi-call smart contract was attacked. The attacker subsequently dumped stolen nfts. In response, the protocol developers implemented a fix to address the vulnerability.
