Bored Ape Yacht Club Has Been Hacked
To say that NFTs have begun to stir up controversy in the video gaming world would be putting it mildly. Some people see the technology as a moneymaking opportunity while others consider it another form of monetization that will only hurt the industry and gamer's wallets. Even prominent game companies have come out staunchly on both sides of the debate, with Konami selling memorial NFTs to celebrate the anniversary of Castlevania and Yooka-Laylee developer Playtonic issuing a statement against the tech.
One of the most prominent NFT collections is called Bored Ape Yacht Club, or simply Bored Ape. Launched in April 2021, the collection consists of 10,000 unique digital avatars built on the Ethereum blockchain. In the year since its introduction, numerous celebrities like Stephen Curry, Jimmy Fallon, Gwyneth Paltrow, and Eminem have purchased some of the ape avatars and shared their acquisitions on Instagram. Bored Ape has also launched two other collections, Bored Ape Kennel Club and Mutant Ape, which are worth significantly less.
Blizzard President Shuts Down Concerns Over NFTs
Ironically, Instagram happens to be one of the apparent weaknesses of Bored Ape and non-fungible technology in general. On April 25, a hacker or hackers managed to get access to the Bored Ape Instagram account and posted a link promising a free allotment of land in an upcoming Bored Ape MMORPG metaverse called Otherside. This wasn't necessarily suspicious behavior because Bored Ape gave away free Mutant Ape NFTs when that collection launched in August 2021. Alas, the Instagram link was merely a phishing scam, and people who unwittingly clicked on it and connected their crypto wallets had their Bored Ape NFTs stolen.
Bored Ape immediately removed all
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