this post was submitted on 19 May 2025
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[–] slazer2au@lemmy.world 106 points 2 weeks ago (9 children)

I would question how an Instagram account causes nft to be stolen...... But we are on meme so let's leave it at that.

[–] vaguerant@fedia.io 115 points 2 weeks ago (6 children)

They compromised the official Instagram account then phished its followers for their NFTs.

The attacker seized control of the BAYC Instagram account and sent a phishing post that many followers were fooled into clicking on, connecting their crypto wallets to the hacker’s “smart contract” – a mechanism for implementing a crypto transaction. That enabled the attacker to steal the assets held in the wallets, seizing control of four Bored Apes, as well as a host of other NFTs with an estimated total value of $3m.

https://www.theguardian.com/technology/2022/apr/26/bored-ape-yacht-club-nft-hack-theft-art-simian-oblivion

[–] lime@feddit.nu 83 points 2 weeks ago (2 children)

well in that case it's fine. the blockchain is tamper-proof after all, so it must have been legitimate transfers.

[–] Passerby6497@lemmy.world 68 points 2 weeks ago (1 children)

Of course, because if it’s a legitimate theft, the block chain has ways to try to shut that whole thing down.

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