Monkey Business? $13.5 Million Worth of Bored Ape Yacht Club NFTs Have Been Stolen Since 2021

  • 📰 RobbReport
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The 143 NFTs were stolen from owners through a variety of scams and hacks, a new report finds.

Immunefi collected their data by scanning OpenSea for Bored Apes that have been flagged for suspicious activity as well as combing through social media for claims of theft that were then investigated using blockchain analyses. They looked for suspicious activity dating back to the founding of the collection until they finalized the report in early August 2022.

Because Yuga Labs grants IP rights to holders of a Bored Ape, the IP is essentially lost to the hackers and granted to whoever buys the stolen goods later—whether intentionally or not. In fact, in May, comedian Seth Green “These days, the marketplaces are not in control,” said Alejandro Muñoz-McDonald, a software engineer at Immunefi, told ARTnews. “People can still transfer [stolen assets] to another account and sell them on decentralized marketplaces where blacklisting features aren’t available.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 309. in CA

Canada Canada Latest News, Canada Canada Headlines