Yuga Labs Discord Server Hacked: NFTs Worth Over 200 ETH Stolen

The official Discord server of Yuga Labs, the creators of the hugely successful Bored Ape Yacht Club (BAYC) NFT collection, have been hacked, leading to the theft of NFTs worth over 200 ETH.

Yuga Labs’ Discord Breached

On Saturday, June 4th, the official discord server of Yuga Labs was breached, leading to the theft of NFTs worth over 200 ETH. The network breach, which was first reported by Twitter user NFTherder, was later confirmed by Yuga Labs themselves.

According to the report, the breach started after the Discord account of Yuga Labs’ Community Manager Boris Vagner was compromised. The thieves used the permissions of Vagner’s account to gain access to the broader Yuga Labs Discord Server and commit nefarious acts. 

Through Vagner’s account, the assailant posted a message in the official Discord channels of the Bored Ape Yacht Club (BAYC) NFT collection and its metaverse project, the Otherside, promising an exclusive giveaway for BAYC, MAYC, and Otherdeed NFT holders who followed the link provided. Naturally, the link was a fake phishing scam, and those who followed it promptly had their NFTs stolen.

NFTs Worth Over 200 ETH Stolen

Confirming the incident, Yuga Labs revealed that the NFTs stolen through the phishing attack were worth approximately 200 ETH, or $361,000 USD by the day’s prices. 

NFTherder also estimated that approximately 145 ETH ($260,000 USD) went missing along with the NFTs, though he was able to trace the stolen assets back to four different wallets.

On The Flipside

  • No-loss lottery decentralized finance (DeFi) platform PoolTogether has raised $1.4 million through NFT sales to fund its legal defence against a bogus class action lawsuit.

Why You Should Care

Discord hacks are one of the more recent techniques being utilized for the execution of NFT scams. Gordon Goner, one of the co-founders of the BAYC, has subsequently called for better security from the platform.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia