Yuga Labs Alerts NFT Community of a ‘Coordinated Attack’

© Reuters Yuga Labs Alerts NFT Community of a ‘Coordinated Attack’

• Yuga Labs warns of a persistent threat group targetting the NFT community.
• Yuga Labs tweeted regarding this phishing group’s modus operandi.
• Yuga Labs has yet to issue an official statement on what the team has got to know about this threat group.

Bored Ape Yacht Club (BAYC) creator Yuga Labs issued a warning against a “coordinated attack” by a “persistent threat group” targeting the NFT community.

Urging its followers to be more cautious, Yuga tweeted on July 19 that its security team has been tracking this group for quite some time. Yuga mentioned that the modus operandi of this threat group is to breach an NFT community by compromising their social media channels.

Our security team has been tracking a persistent threat group that targets the NFT community. We believe that they may soon be launching a coordinated attack targeting multiple communities via compromised social media accounts. Please be vigilant and stay safe.

— Yuga Labs (@yugalabs) July 18, 2022

Yuga is yet to issue any official statement or detailed explanation of what the team has discovered about this threat group. Also, Yuga’s team has not yet responded to the media queries regarding this matter.

However, this isn’t the first time Yuga has warned its community of a possible social media-led phishing attack by scammers. Last month, Gordon Goner, a pseudonymous co-founder shared a similar alert warning of an attack on Yuga’s social media accounts.

Goner further warned investors that Yuga would never conduct surprise mints, hence advising them to steer clear of it as most hackers lure their victims using this trick. Soon after this warning was posted, Yuga officials immediately fortified existing security and began monitoring their Twitter (NYSE:TWTR) and other social media accounts.

Last month also saw a massive phishing attack that took away 32 BAYC NFTs worth 200 ETH as Yuga’s Discord servers were hacked. Similarly, earlier this year, BAYC experienced two similar attacks in an interval of a few weeks.

The first one was when the website was attacked with malware allowing the hackers to steal customers’ personal information and crypto wallets from their phones. This hack phished around 286 ETH ($790,000).

The following attack was when the hackers managed to access Discord’s official account that hosted members of Yuga’s 3 NFT collections — Mutant Ape Yacht Club, Mutant Ape Kennel Club, and Bored Ape Yacht Club.

Meanwhile, a report shared earlier this month by on-chain analyst OKHotShot shows that 107 NFT Discord channels have been compromised including collections like BAYC, KnowOrigin, Lacoste, and Memeland (9gag), to name a few.

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