NFT Dealer Hacker Returns 36 BAYC and 18 MAYC After Receiving 120 ETH Bounty

Byadmin

All Bored Ape Yacht Membership (BAYC) and Mutant Ape Yacht Membership (MAYC) non-fungible tokens (NFTs) that have been stolen from the peer-to-peer buying and selling platform NFT Dealer have been returned.

All Bored Ape Yacht Membership (BAYC) and Mutant Ape Yacht Membership (MAYC) non-fungible tokens (NFTs) that have been stolen from the peer-to-peer buying and selling platform NFT Dealer have been returned following the cost of a bounty.

The hack, which occurred on December 16, resulted within the theft of NFTs valued at almost $3 million. The attacker, via public messages, attributed the unique exploit to a different person and demanded ransom funds for the return of the NFTs, stating, “if you need the monkey nft again, then that you must pay me a bounty, which is what I deserve. 1 BAYC = 30 ETH 1 MAYC = 6 ETH that you must pay me %10 ETH for my work you probably have a BAYC with me then that you must pay me 3 ETH if it is a BAYC and a MAYC then 3.6 ETH.”

In a swift response, a neighborhood initiative led by Boring Safety, a non-profit Web3 safety venture funded by ApeCoin, efficiently recovered all of the belongings inside 24 hours of paying the 120 Ether (ETH) bounty. On the time of writing, the bounty cost amounted to roughly $267,000.

The Boring Safety group announced on X (previously Twitter) that they now possess all 36 BAYC and 18 MAYC NFTs that have been within the possession of the exploiter. As a part of the restoration course of, the group despatched the hacker a bounty equal to 10% of the ground worth of the collections.

The bounty cost was made by Greg Solano, co-founder of Yuga Labs, the corporate behind each NFT collections. Yuga Labs facilitated negotiations to recuperate the stolen tokens and returned them to their rightful homeowners freed from cost.

Tell us what you liked about this text, what could possibly be improved, or share some other suggestions by filling out this quick type.

This text comprises hyperlinks to third-party web sites or different content material for info functions solely (“Third-Occasion Websites”). The Third-Occasion Websites will not be underneath the management of CoinMarketCap, and CoinMarketCap will not be liable for the content material of any Third-Occasion Website, together with with out limitation any hyperlink contained in a Third-Occasion Website, or any adjustments or updates to a Third-Occasion Website. CoinMarketCap is offering these hyperlinks to you solely as a comfort, and the inclusion of any hyperlink doesn’t suggest endorsement, approval or suggestion by CoinMarketCap of the positioning or any affiliation with its operators.
This text is meant for use and have to be used for informational functions solely. It is very important do your individual analysis and evaluation earlier than making any materials selections associated to any of the services or products described. This text will not be supposed as, and shall not be construed as, monetary recommendation.
The views and opinions expressed on this article are the creator’s [company’s] personal and don’t essentially replicate these of CoinMarketCap.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *