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NFT News

BAYC’s Yuga Labs Warns of Targeted Attack on NFT Communities

Yuga Labs’ security team has been tracking a threat group targeting the NFT community through compromised social media accounts.

Written By:
Renuka Tahelyani

Last updated: July 19, 2022 12:34 PM
Published July 19, 2022 12:34 PM
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Last updated: July 19, 2022 12:34 PM
Published July 19, 2022 12:34 PM
BAYC's Yuga Labs Warns of Targeted Attack on NFT Communities

The home of the wildly profitable Bored Ape Yacht Club (BAYC) NFTs, Yuga Labs, has warned about a “persistent threat group” that may soon launch a “coordinated attack” targeting multiple NFT communities.

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 Labs, known not only for creating BAYC NFTs but also for its spinoff Kennel Club (BAKC) and Mutant Ape (MAYC), stated that its security team has been tracking a threat group targeting the NFT community through compromised social media accounts.

Is this the first time Yuga Labs has issued such a warning on its Twitter social media accounts? Obviously not.

Wylie Aronow aka Gordon Goner, co-founder of Yuga Labs and BAYC, warned investors in June about potential attacks on Yuga Labs‘ social media accounts.

Such social network threats are known to compromise user credentials, profile users, and spread malware, among many other things.

Yuga Labs’ new warning follows the headlines made by the popular NFT whitelisting platform Premint after it was hacked over the weekend, with users losing $375k in NFTs.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Renuka Tahelyani - Crypto Content Writer at The Crypto Times
By Renuka Tahelyani
Renuka Tahelyani is a CA student, enthusiastic about everything Finance. She is still a wanderer in the crypto world aiming to keep up. When she is not reading a business journal she is either engrossed in a novel or planning an imaginary trip with imaginary cool people.

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