The pseudonymous co-founder of Yuga Labs and BAYC Gordon Goner, issued a warning concerning a potential upcoming attack on their social media accounts under the Yuga Labs umbrella after obtaining “reliable information” that an insider from Twitter would assist in bypassing the accounts’ protection.
Yuga Labs, which is home to some of the most popular nonfungible tokens (NFTs) such as the Bored Ape Yacht Club (BAYC) and Otherside, straight away sought Twitter for security after learning about a planned attack on its social media accounts.
BAYC is not new to attacks
Following the community’s warning, Twitter management began aggressively monitoring the accounts’ actions as well as strengthening their existing security.
Goner also advised investors that the company would never undertake surprise mints, a typical strategy used by attackers to draw in victims while delivering the proactive warning.
Yuga Labs’ NFT offerings’ popularity and consumer demand resulted in the unintentional emergence of ape-themed scams. Attackers gained access to Yuga Labs’ BAYC and OtherSide Discord groups on June 5 and stole over 145 Ether (ETH).
The attack was carried out via hacking into the Discord account of Boris Vagner, Yuga Labs’ community and social manager, according to blockchain detective OKHotshot.
After falling victim to a vulnerability in its market maker’s smart contract, the Optimism layer-2 scaling solution lost 20 million OP tokens.
One million tokens worth around $1.3 million were sold, and one million tokens worth approximately $730,000 were sent to Vitalik Buterin’s Ethereum address on Optimism. The 18 million tokens that are left are inactive and can be sold or utilized to influence governance choices.
The Twitter staff took the warning seriously and began monitoring activity to ensure that the accounts were safe. There would be no surprise mints, Gorner warned the BAYC community repeatedly. One of the most prevalent ways for scammers to steal from consumers’ money is through phony mint news and phishing URLs embedded in the fake news.