Yuga Labs Alerts Its Community Of Potential NFT Attacks

Yuga Labs has warned its community members against a predetermined attack from a group of hackers; the warning succeeds the recent compromise of Premint NFT.

Jul 24, 2022
by Michael
Yuga Labs Alerts Its Community Of Potential NFT Attacks
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Yuga Labs has alerted its community against a  series of predetermined attacks targeting several NFT communities. The BAYC creators recently disclosed on Twitter that its security team has been tracking a “persistent threat group”. The threat group plans to carry out multiple attacks using compromised social media accounts, and the team is urging its followers to be on the watch for any suspicious activities. 

Last month, Gordon Goner, pseudonymous co-founder of Yuga Labs, warned against a possible attack on Yuga Labs’ Twitter account. The announcement has charged Twitter officials to tighten their security and stay more vigilant of various accounts’ activities. The team has also informed investors that they would never conduct surprise mints and that many hackers often use surprise mints to lure their victims. 

Recently, two official Discord groups belonging to BAYC and OtherSide NFTs were compromised, and the scammers shared various phishing links to the official BAYC, Mutant Ape Yacht Club and Otherside groups on Discord. 

Premint NFT website gets comprised

Premint NFT platform was recently infiltrated, and the hackers carted away approximately 314 NFTs and $375,000 in Ether. This attack is notably one of the largest NFT hacks in 2022. 

Investigative reports from popular blockchain security firm, Certik showed that the hackers inserted malicious code into Premint’s website. The codes generated a dialogue box prompting users to verify their wallet ownership, granting the infiltrators the opportunity to transfer assets away from the victim’s wallets. Six wallets containing BAYC, OtherSide, Oddities and Goblintown NFTs were hacked during the attack.

The team promises to investigate the incident, noting that they will never ask users to perform such transactions on the platform. Subsequently, the team has opted for a safer and more convenient route where users can log into their wallets.

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