Discord Server of Yuga Labs Hacked, $600k Worth NFTs Stolen

Must Read
Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. In her free time, she is a modest family woman who loves traveling.

The Discord server of Yuga Labs was hacked. Yuga Labs is a renowned blockchain tech company and creator of highly popular NFT collections; Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).

According to various reports, threat actors have successfully compromised the Discord server of Yuga Labs with an evil motive to steal cryptos and NFTs worth more than $600K.

Reportedly, the threat actors stole the account of Yuga Labs Community manager Boris Vagner and later used the account to publish phishing links on the official BAYC channel and Otherside Discord channels.

Meanwhile, Yuga Labs has confirmed the data breach and started an investigation is being carried out.

Initially, the threat actors posing as Vagner posted phising messages and announced a false giveaway exclusive to the owners of BAYC, MAYC, and Otherside NFTs. Then, owners of the said NFTs were redirected to the phishing website where the hackers stole login credentials and stole Ether and NFTs linked with the account.

Later on, Yuga Labs retrieved the access to its Discord server; however, it was too late.

According to the news report by Bleeping Computer, a Twitter user named NFTherder revealed the attack on his Twitter handle. An estimated 145 Ether worth $250K and 32 NFTs worth 200 ETH (approx $361K) were stolen during the attack.

This is the second instance where the Yuga Labs account is compromised. A few months back in April, NFTS worth $13.7 million were stolen.

Are you looking for more security updates? Subscribe to our Newsletter for the latest security news updates.

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img
Latest News

WordPress 6.1 Currently Under Development, Scheduled to Release in October

It's been a month since the release of WordPress 6.0, 2nd major release this year. And, now Executive Director...
- Advertisement -spot_img

More Articles Like This