Bayc is a victim of hacking again!

The world of NFTs is attractive and scary at the same time. While the expansion of these assets is attracting more and more investors, the penetration leaves something to be desired. One of the biggest groups right now is paying the price. Once again, BAYC ETH and the monkeys lose. What is behind all these NFT scams?

NFT scams hit the crypto world again

While investors are increasingly interested in NFTs, the sector is not looking good. In fact, we discover many scams that leave something to be desired. BAYC is known as one of the best NFT kits out there. However, it was constantly hacked for several months.

According to an NFT channel analyst, hackers managed to breach the security of Bored Ape community manager Boris Vagner. Administrators took over Discord servers and redirected members to a phishing site. These hackers allegedly stole 145 ETH, or $260,000 in crypto and $360,000 in NFT.

A few hours later, Yuga Labs, the company behind BAYC as well as several other groups, confirmed the facts. According to the data, the path of the stolen assets is already known and the malicious wallet has been identified. But for NFtherder, all this is probably due to deprecation. So his opinion is mixed with those of many other members who are beginning to question the reason for all these NFT scams.

Remember that this inconvenience is not the first. In fact, Monkey is bored It has been a target of hackers for several months. A hack actually occurred in early April, then another in late April and another in May. In the face of these frequent hacks, compensating NFT holders losses is no longer an effective solution. What should be done to end this series of hacks? Attributing them to misfortune is no longer sufficient to satisfy the members of society. It is clear that in this case, strict measures must be taken.

What if we bet on NFT security online?

NFT scams targeting BAYC for some time have deceived investors. Once it passes. Twice is understandable. But when it turns into a series of actions, members are right to start asking questions. At this rate, people no longer know who is to blame. Are these frauds the result of a lack of investor interest or the neglect of the collection founders?

In this growing questioning, one word returns: security. So, is online security the answer to ending hacks? For now, the only advice is to do basic checks to see if the site is reliable. Decentralized assets are not immune to any potential interference. For this reason, you need to find measures to secure your assets. Using a blockchain ledger is not enough to protect against fraud.

A change of mindset is also necessary to protect oneself from theft. As long as there are NFT owners, there are bound to be hackers. There are people whose main task is to rob others. Not because you are decentralizing all your problems will be solved at once. So, pay attention, notice how your community works, and avoid anything that seems unusual. Gifts and surprises are not a reason to rush into the trap.

Scams have been around for a long time, so it’s not new. It can save you choosing security and being wary of NFT scams. While some blame Discord, others blame Yiga Labs. But whatever your point of view, hackers will always be looking for new victims. It is up to you to protect yourself.

Source: Dabradar

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Eddie Senga

The world is changing and adaptation is the best weapon to survive in this undulating universe. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. In order to share my experience and introduce a field that fascinates me, nothing is better than writing articles that are informative and comfortable at the same time.

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