In a recent tweet, Yuga Labs warns the NFT community about a group of persistent attackers. According to Bored Ape’s creator, the group is planning on a possible coordinated attack through compromised social media accounts in various communities.
Hacks and stolen NFTs have become the biggest challenge for the NFT community. According to Top10VPN, a global digital privacy and research group, the NFT industry lost around $52 million worth of NFTs in four months of 2022.
These attacks have happened on a large scale including Axie Infinity’s Ronin bridge hack that stole $620M. Multiple communities have fallen into the trap of similar phishing attacks sabotaging the security and privacy of the users.
Despite being a private Discord community, hackers find ways to compromise big accounts and then use them to prey on users within the server. Many NFT companies are trying to crack down on the mastermind behind these hacks. Even the British Army didn’t escape as the hackers attacked their official Twitter and YouTue to steal crypto wallets.
After the British Army hack, Molly White, a Web3 blogger, claimed that a group was repeatedly committing NFT scams in various communities. This group might be the same or different from the one that Yuga Labs cracked in the recent investigation.
Yuga Labs warns the NFT community of possible cyberattack
Yuga Labs’ Discord server was compromised last month and the team opened up an investigation to crack down on the group behind the act. The hackers stole $361,000 worth of NFTs from Bored Ape Yacht Club and the Otherside Discord server.
On Tuesday, 19 July, Yuga Labs released a tweet to warn its users about the group of hackers. These hackers might be the ones who hacked into the Discord server, and many other recent NFT community attacks. According to Yuga Labs, this group has been repeatedly stealing NFTs through phishing attacks and also warned that an attack might be underway.
Invisible Friends Twitter alerts its community
Following the Yuga Labs announcement and Premint cyberattack, Invisible Friends also made an official tweet to warn its community about the attack. The tweet read: “No surprise mints will be coming from this account or @garbagefriends 🚨 Be safe. We will announce with ample notice before any mint or airdrop.”
The hackers usually use surprise mint or airdrop to target crypto wallets. Many users fall for these phishing attacks thinking that it is posted by the team themselves. Many projects including Yuga Labs have warned their communities not to click on any links posted by the official accounts of any team member.
In a bear market where NFT holders are already at a loss, the hackers are making it hard to survive in the industry. Despite various security measures by companies, the attackers always find a way to crack open the loose ends and steal valuable digital assets.
Yuga Labs’ warning comes with an alert for all NFT communities to take personal security measures instead of relying on the NFT project teams for protection.
Furthermore, the recent tweet by Yuga Labs indicates that the team might have finally cracked down on the group of hackers behind the Discord server hack. The Bored Ape creator company might release further details on the case soon.