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News

NFT Trader Faces Daring Cyber Heist: Shocking BAYC and MAYC Transfers!

December 16, 2023 - Around 2 mins mins to read
Key Points:
  • Unprecedented attack rocks NFT marketplace, exposing vulnerabilities in crypto security.
  • Stolen assets’ value: $2.4M. Users, fortify defenses—critical lessons for the crypto community.
The peer-to-peer trading platform NFT Trader is under suspicion of a malicious attack that has resulted in the unauthorized transfer of a significant number of blue-chip NFT assets.

NFT Trader Faces Daring Cyber Heist: Shocking BAYC and MAYC Transfers!

The hacker, identified by the code 0x90…8fda, executed a calculated breach, making away with a staggering loot that includes 37 Bored Ape Yacht Club (BAYC) NFTs, 13 Mutant Ape Yacht Club (MAYC) NFTs, 4 World of Women NFTs, and 6 VeeFriends NFTs.

The total value of the stolen assets is estimated to be around 1,080 ETH, equivalent to approximately $2.4 million at current market rates. This brazen theft highlights the vulnerabilities within the crypto space, especially in platforms dealing with non-fungible tokens (NFTs), which have become increasingly popular and valuable in recent times.

NFT Trader Faces $2.4M Blue-Chip Heist!

NFT Trader Faces Daring Cyber Heist: Shocking BAYC and MAYC Transfers!

The affected users and the broader crypto community are urged to take immediate action to mitigate potential losses. Authorities are advising users of the NFT Trader platform to cancel their authorizations promptly and review their account activity for any suspicious transactions. This cautionary measure aims to prevent further unauthorized access and protect users from potential financial harm.

Security experts are already investigating the incident, aiming to trace the hacker and recover the stolen assets. The crypto community, known for its resilience, is closely monitoring the situation, and industry stakeholders are collaborating to enhance security measures across various platforms.

This incident serves as a stark reminder of the importance of robust security measures in the NFT Trader crypto space and the need for users to exercise due diligence when engaging in peer-to-peer transactions. As the investigation unfolds, the affected users and the wider crypto community anxiously await updates on the recovery efforts and hope for swift justice against the perpetrator.

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.

BAYC and MAYC Transfers

Cyber Heist

NFT Trader

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

NFT Trader Faces Daring Cyber Heist: Shocking BAYC and MAYC Transfers!

Key Points:
  • Unprecedented attack rocks NFT marketplace, exposing vulnerabilities in crypto security.
  • Stolen assets’ value: $2.4M. Users, fortify defenses—critical lessons for the crypto community.
The peer-to-peer trading platform NFT Trader is under suspicion of a malicious attack that has resulted in the unauthorized transfer of a significant number of blue-chip NFT assets.

NFT Trader Faces Daring Cyber Heist: Shocking BAYC and MAYC Transfers!

The hacker, identified by the code 0x90…8fda, executed a calculated breach, making away with a staggering loot that includes 37 Bored Ape Yacht Club (BAYC) NFTs, 13 Mutant Ape Yacht Club (MAYC) NFTs, 4 World of Women NFTs, and 6 VeeFriends NFTs.

The total value of the stolen assets is estimated to be around 1,080 ETH, equivalent to approximately $2.4 million at current market rates. This brazen theft highlights the vulnerabilities within the crypto space, especially in platforms dealing with non-fungible tokens (NFTs), which have become increasingly popular and valuable in recent times.

NFT Trader Faces $2.4M Blue-Chip Heist!

NFT Trader Faces Daring Cyber Heist: Shocking BAYC and MAYC Transfers!

The affected users and the broader crypto community are urged to take immediate action to mitigate potential losses. Authorities are advising users of the NFT Trader platform to cancel their authorizations promptly and review their account activity for any suspicious transactions. This cautionary measure aims to prevent further unauthorized access and protect users from potential financial harm.

Security experts are already investigating the incident, aiming to trace the hacker and recover the stolen assets. The crypto community, known for its resilience, is closely monitoring the situation, and industry stakeholders are collaborating to enhance security measures across various platforms.

This incident serves as a stark reminder of the importance of robust security measures in the NFT Trader crypto space and the need for users to exercise due diligence when engaging in peer-to-peer transactions. As the investigation unfolds, the affected users and the wider crypto community anxiously await updates on the recovery efforts and hope for swift justice against the perpetrator.

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.