BAYC HACked from Instagram Account, Left Millions of NFTs Stolen!

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On Monday, the official Instagram account of the Bored Ape Yacht Club (BAYC) was hacked and a phishing scheme was used to defraud victims of millions of dollars in non-fungible tokens (NFTs).

According to the BAYC, the hacked account promoted a false airdrop on Instagram, asking users to sign a "safeTransferFrom" transaction that moved their funds to the hacker's wallet.

This Instagram breach resulted in 2.5 million dollars in stolen NFTs. 

The value of the heist varies, but four Bored Apes, six Mutant Apes, and three Kennels NFTs have been lost, says BAYC cofounder Garga.eth.