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Yuga Labs warns of ‘coordinated attack’ on NFT communities

written by Bella Palmer
yuga-labs

The NFT company told its Twitter followers that its security team has been tracking a ‘persistent threat group’ targeting the NFT community through compromised social media accounts

Bored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a ‘coordinated attack’ targeting multiple non-fungible token (NFT) communities.

The NFT company told its Twitter followers on July 19 that its security team has been tracking a ‘persistent threat group’ targeting the NFT community through compromised social media accounts, urging followers to be on the lookout.

This isn’t the first time the company has warned its community of a possible social media-led attack by hackers.

In June, Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning of a possible incoming attack on its Twitter social media accounts.

Soon after the warning, Twitter officials began monitoring activity on the accounts and fortified their existing security. Goner told investors that the company would never conduct surprise mints, a popular method attackers use to lure victims.

Yuga Labs' new warning comes only days after threat actors hacked popular NFT platform Premint NFT, stealing approximately 314 NFTs and $375,000 in Ethereum (ETH), making it one of the largest NFT hacks in 2022.

Premint is an NFT whitelisting service that helps NFT artists access a large number of verified NFT collectors quickly, whitelisting them for new NFT projects. The NFT services platform touts more than 12,000 NFT projects and a database of more than 2.4 million collectors.

According to blockchain security firm Certik, the thefts occurred on Sunday after hackers inserted malicious code into Premint’s website.

The code created a pop-up that prompted users to verify their wallet ownership but instead gave hackers the permissions necessary for them to transfer NFTs from their victim’s wallets.

Six wallets have been identified as falling victim to the attack, containing NFTs, including Bored Ape Yacht Club, Otherside, Oddities, and Goblintown.

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