Scam Alert

The Sandbox’s Instagram Hacked, Hackers Try to Hire User’s BAYC NFT

Metaverse platform The Sandbox saw its Instagram profile hacked and used to try and rent out Bored Ape Yacht Club nonfungible tokens (NFTs) from a number of users on the social media platform. The Sandbox managed to restore control of its Instagram account a few hours later.

Hackers gained access to the profile of the voxel-powered NFT platform on September 8. Hackers advertised a fraudulent raffle ticket event that claimed to be a season 4 LAND giveaway to unwary visitors by rerouting The Sandbox fans to a fake raffle giveaway URL.

The company claimed that the fraudulent giveaway had been promoted by getting beyond its two-factor authentication and other security safeguards. One user claimed to have lost NFTs after following the fraudulent link, and the profile’s website address was altered.

Sandbox co-founder and chief operating officer Sebastien Borget revealed that the hackers then reached out to a number of users on Instagram with Bored Ape Yacht Club profile pictures in an attempt to “rent” out the NFTs – offering 40 Ether (ETH) to use the BAYC NFTs for 24 hours.

According to Borget, The Sandbox managed to recover control of its Instagram account a few hours later, while stories promoting the fake giveaway were still live on the account at the time of publishing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Victor

Recent Posts

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

1 hour ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

2 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

2 hours ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

3 hours ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

3 hours ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

3 hours ago

This website uses cookies.