Scammers scammed millions of dollars worth of NFTs during Yuga Labs’ Otherside NFT drop. Yuga Labs has announced that the only currency that can be used to purchase land on the Otherside is the NFT coin Apecoin (APE). As Kriptokoin.com, we are transferring the details.
Scammers trick collectors by saying they are airdropping NFT coin
Phishing attackers continue to scam NFT collectors and members of the Bored Ape Yacht Club are some of their biggest targets. The nearly $310 million Otherside NFT drop by Yuga Labs on Sunday has provided fertile ground for crypto scammers looking to take advantage of careless NFT collectors. The Bored Ape Yacht Club creator’s sale has been dubbed the biggest NFT drop in history, and scammers have done everything to capitalize on it. At least $3.7 million worth of NFTs have been lost in the past few days via phishing websites impersonating Otherside. According to crypto security firm Peckshield, at least five fake Twitter accounts with phishing websites have impersonated Otherside. By asking collectors to link their digital wallets with promises of fake NFT drop, NFT coin APE airdrop or “gas refund”, scammers stole NFTs and tricked them into signing a transaction that allowed hackers to empty their wallets. While the
Otherside drop quickly sold out, miners collectively spent a staggering $165 million in fees due to high demand and poorly written smart contract code. Since the network was so congested when Drop went live, successful miners had to spend around $7,000 on their transactions. In the days following the crash, many unsuspecting NFT collectors seem to have believed scam sites offering gas returns and. One scam website said “wallets that can’t mint will get full gas refunds”, while another asked collectors to sign up for a fake Otherside Lands sweepstakes listing by linking their wallets. There were even sites that faked a countdown for an imaginary mint among them.
Millions of dollars’ worth of NTFs stolen
While the exact extent of damage done by phishing attacks to collectors remains unclear, on-chain data shows scammers have collectively stolen at least $3.7 million worth of NFTs. The scammers appear to have stolen at least five Bored Ape NFTs, 12 Mutant Apes, 36 Otherdeed, and other less valuable NFTs worth around $2.7 million at current floor prices. Zerion data shows NFTs stolen from Bored Ape Yacht Club and other valuable collectibles found in scammers’ wallets. According to Zachxbt, another wallet starting 0xb8 stole four Mutant Ape NFTs, a Bored Apo and more than 30 Sandbox NFTs worth approximately $1.03 million. He also said that the 0xb8 wallet has led to two wallets holding four Bored Apes, two Mutant Apes, two World of Women and 19 Azuki NFTs together worth about $5.1 million.
Sadly, this is only the latest in a series of similar phishing exploits that have hit the NFT community and in particular the owners of the award-winning NFTs of the Bored Ape Yacht Club. Last week, a scammer hacked the Bored Ape Yacht Club’s official Instagram account and posted a malicious link that lured owners into posting nearly $2.7 million worth of NFTs. A few weeks ago, Bored Ape Yacht Club’s Discord server was compromised, leading to the theft of NFTs from Bored Ape Yacht Club from other collections.
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