A pseudonymous non-fungible token (NFT) owner identified on Twitter as Black Apple has reportedly lost three of his Bored Ape Yacht Club (BAYC) NFTs worth $900,000 in ETH to a wallet phishing website.
The attack was first reported in a tweet by a user known on Twitter as Zachxbt. According to the report, most of the stolen assets in ETH were sent into Tornado Cash Wallet.
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Zachxbt tweeted, “Seems someone fell for a new BAYC animation phishing site and lost 3 BAYC NFTs ($900k). Most of the ETH has been sent into Tornado.”
Seems someone fell for a new BAYC animation phishing site and lost 3 BAYC NFTs ($900k).
Most of the ETH has been sent into Tornado. https://t.co/eejge3PNZk pic.twitter.com/bYwPL46r7M
— zachxbt (@zachxbt) March 21, 2022
Details of the Unfortunate Incident
As related by Zachxbt, the scammer, Volt, who disguised as Bored Ape Yacht Club (BAYC) co-founder, created a phishing website for animating non-fungible tokens (NFTs) to mislead the BAYC owner.
The scammer instructed the victim to visit the phishing website he created and click “animate it”, followed by “refresh metadata” on OpenSea if he desires to get his assets animated on Twitter, OpenSea, and Rarible.
In the excitement to leverage animated NFT, the victim followed the instruction. He was able to also trust the scammer because the Twitter account was verified.
The instruction followed by Black Ape gave room to the scammer to gain access to three of the collector’s BAYC NFT collections worth relatively $900,000 in ETH.
Volt the scammer swiftly transferred the dubiously acquired assets into a Tornado Cash wallet address, a non-custodial privacy solution built on the Ethereum blockchain.
Read Also: 17-Year Old Hacker Admits to Stealing 88 ETH Worth $340,000 in NFT Scam, then Refunds it.
Phishing Attack Becoming Rampant in NFT Sector
Phishing is now becoming a usual weapon for hackers and scammers against the fast-rising NFT sector and its users.
A couple of weeks ago, OpenSea, one of the largest non-fungible token (NFT) marketplace, was reportedly attacked by a phisher. NFTs worth millions of dollars were stolen in the process.
According to the NFT marketplace, the exploit seems to be a phishing attack from outside its domain.
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