NFT projects are sprouting up just as quickly as they’re falling victim to hackers. In the latest scandal, BAYC‘s Discord has been compromised resulting in 200 ETH being stolen.
The attacked occurred on Saturday, when the project’s community manager Boris Vagner had his Discord account compromised. Phishing links were deployed in both the official BAYC Discord and its metaverse project Otherside Discord.
Twitter user NFTherder first reported the hack. Yuga Labs confirmed the hack in a tweet of their own, 11 hours later, stating “Our Discord servers were briefly exploited today. The team caught and addressed it quickly. About 200 ETH worth of NFTs appear to have been impacted. We are still investigating, but if you were impacted, email us at email@example.com.”
The hack marks the third time BAYC has been compromised. BAYC’s Discord previously fell victim to hackers on April Fool’s Day. Later that month, BAYC’s Instagram account was also hacked.
BAYC founder Gordon Goner pointed the blame towards Discord for the project’s most recent breach.
“Discord isn’t working for Web 3 communities. We need a better platform that puts security first,” he tweeted following Saturday’s attack.
According to the U.S. Federal Trade Commission (FTC), US$329 million has been lost to crypto scams in the first quarter of 2022.
“Although it’s yet to become a mainstream payment method, reports to the FTC show [crypto is] an alarmingly common method for scammers to get peoples’ money,” the Commission stated.
Read more: BAYC’s Instagram Hack is Another Reminder of Web 2.0’s Security Flaws
At a time when crypto crimes and hacks continue to reoccur, there appears to be very little development in terms of future prevention, other than the blame game.
Whilst Goner pointed towards Discord being the issue in Web3, the most liked response pointed out “isn’t it on your team not on discord to get this figured out lol, kind of weird to only blame discord while bayc seems to be a biweekly hack target at this point while other projects dont have the same issues.”