Millions Worth NFTs Stolen as NFT Trader Platform Hacked

• The hacker has engaged in communication over the blockchain. 
• The hacker demanded 3 ETH to release Bored Apes and 0.6 ETH to release Mutant Apes.

The peer-to-peer trading platform NFT Trader was compromised in a major way. Many valuable NFTs were stolen in this incident, including BAYC.

In the aftermath of the hack, NFT Trader issued an urgent appeal to its customers, requesting that they remove access to two compromised smart contracts. The purpose of this step is to stop any more exploits.

Removing Residual Garbage

By confirming the assault on “old smart contracts” in a twitter post, the business emphasized the need of users being vigilant in protecting digital assets. The primary hacker, whose identity is still a mystery, has engaged in communication over the blockchain. They claim that the original goal of the hack was to remove “residual garbage.”

But things took a turn for the worst when the hacker demanded 3 ETH to release Bored Apes and 0.6 ETH to release Mutant Apes. To make matters more complicated, the hacker kept the ApeCoin incentives for themselves while suddenly refunding one Bored Ape and 31 ETH to a user and returning some staked Bored Apes to their owners.

There have been reports of auxiliary hacks when users had additional NFTs, including Squiggles and Cool Cats, stolen from their wallets. As a result of the hacker’s activities being so unexpected, the community’s reaction has been divided.

A noteworthy turn of events occurred when Greg Solano, co-founder of Yuga Labs, the firm behind the Bored Ape Yacht Club collection, volunteered to pay in ETH and get the 50 apes back to their owners. 

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