Bored Ape Yacht Club Instagram takeover sees around $3 million in NFTs sail away

Written by , APAC Editor Chris Duckett APAC Editor

Chris started his journalistic adventure in 2006 as the Editor of Builder AU after originally joining CBS as a programmer. After a Canadian sojourn, he returned in 2011 as the Editor of TechRepublic Australia, and is now the Australian Editor of ZDNet.

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Workers inside the Bored & Hungry restaurant in Long Beach, California. Bored & Hungry is a pop-up burger restaurant using art from the Bored Ape Yacht Club NFT collection for it’s branding. 

Image: Bing Guan/Bloomberg via Getty Images

Bored Ape Yacht Club (BAYC), the purveyors of expensive template-based ape non-fungible tokens, announced on Monday that its Instagram account had been taken over and used to siphon off cryptoassets.

“The hacker posted a fraudulent link to a copycat of the Bored Ape Yacht Club website, where a safeTransferFrom attack asked users to connect their MetaMask to the scammer’s wallet in order to participate in a fake airdrop,” BAYC creators Yuga Labs said in a statement.

“Rough estimated losses due to the scam are 4 Bored Apes, 6 Mutant Apes,

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