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Bored Ape Instagram Hack Cost NFT Owners $3 Million

  • Bored Ape founders say official Instagram account was hacked
  • Hackers posted fraudulent links to lure users to phishing site
Bored Ape Yacht Club NFTs

Bored Ape Yacht Club NFTs

Photographer: Jakub Porzycki/NurPhoto/Getty Images

Hackers made away with about $3 million worth of some of the world’s most popular nonfungible tokens after gaining access to the Instagram account belonging to the Bored Ape Yacht Club (BAYC) collection.

Once in, the hackers uploaded a post that linked to a cloned version of BAYC’s official website and included an offer of free crypto tokens. Anyone who tried to claim the free tokens by authenticating and connecting their digital wallets to the fraudulent site instead gave the hackers free rein to access and transfer their NFTs and other cryptoassets.