Bored Ape owner loses 3 rare NFTs to phishing attack
As a researcher with experience in the blockchain and NFT space, I find the news items you’ve shared intriguing. The first story about the Bored Ape Yacht Club (BAYC) NFT holder who lost three valuable apes to a phishing attack is a stark reminder of the risks involved in this new digital frontier. Phishing attacks are unfortunately common in the crypto world, and they can result in significant financial losses for unsuspecting victims. In this case, the attacker used a known phishing wallet and possibly even a drainer service to plunder the valuable NFTs. The targeted nature of such attacks makes them all the more dangerous, as wallets holding big-ticket NFTs or large sums of crypto are often in the crosshairs.
A crafty phisher has stolen three valuable NFTs with unique characteristics from the Bored Ape Yacht Club collection, belonging to an unfortunate individual, amounting to approximately 56 Ether (ETH) or roughly $167,500 in total.
Expert: ZachXBT, a seasoned on-chain investigator, initially highlighted a transaction where three Bored Ape NFTs were transferred from the “tatis.eth” wallet to a wallet identified as a known phishing address on Etherscan.
As a researcher investigating this incident, I’ve discovered that the attacker’s wallet is linked to the infamous Pink Drainer service, which is believed to have facilitated the draining of funds from the targeted wallet. However, the specifics of how the attack was executed remain unclear at this point.
Commonly, phishing scams mimic the identities of X accounts and webpages belonging to crypto initiatives such as Yuga Labs, the creators of Bored Apes. Their objective is to lure crypto users into connecting their digital wallets, offering alluring incentives.
Targeted attacks against specific wallets holding valuable NFTs or substantial cryptocurrency can also occur. Once a user with such a wallet links it to a drainer, the funds are stolen.
In this occasion, the phisher managed to acquire Bored Ape NFTs numbered #7531, #6736, and #2100. Among these apes, #7531 has the uncommon feature of white fur, which is present in only 4% of the total collection of 10,000 Bored Apes. Furthermore, #6736 boasts a small grin, a trait found in merely 3% of the apes. Lastly, the rarest trait, “Bored Pizza,” can be found only in #2100, making it a possession held by just 0.5% of Bored Ape collectors according to OpenSea’s data.
Crypto influencer NFT cards “fantasy.top” beat Tron on fees
Over the past week, NFT trading cards adorned with crypto influencer pictures have generated higher transaction fees than the Tron blockchain. The surge in interest for this trending project seems to have attracted significant investment from Crypto X.
Over the last week, “Fantasy.top” on Coinbase’s Ethereum layer 2 platform Blast has generated an impressive $9.3 million in fees. This places it as the fifth most profitable crypto project, surpassing Tron’s earnings of $8.73 million, according to DefiLlama’s data.
As an analyst, I’ve examined the transaction fees generated by various cryptocurrency protocols in the last 24 hours. Fantasy.top ranked seventh on this list with approximately $924,000 in fees earned. This figure falls short of Tron’s impressive earnings of around $1.39 million. For further perspective, the next most profitable NFT-related project was Blur, which brought in roughly $28,700 in fees during this period.
In the world of Fantasy.top, users have the ability to buy and sell collectible cards representing various crypto figures. For every transaction, these depicted characters receive a 1.5% share and an additional 10% of the fees from each bundle of cards, referred to as “packs”.
As an analyst, I’ve observed that the earning incentive has provided influencers with the necessary motivation to promote the protocol to their audiences. The shilling appears to have been effective, as fantasy.top rewarded influencers with Ethereum (ETH) worth a total of $1.25 million on May 7 for their card-featured endorsements.
CryptoPunks sales saw Ethereum briefly top NFT market
As a researcher studying the NFT market, I’ve noticed an intriguing development: Ethereum regained the top spot in NFT sales for a brief period during the past 24 hours. This shift occurred due to heightened trading activity surrounding Ethereum’s early NFT collection, CryptoPunks.
Yesterday, CryptoPunks recorded approximately $1.1 million worth of trades across 7 transactions, making it the second highest seller in terms of volume, trailing behind unclassified NFT-esque Bitcoin Ordinals on CryptoSlam’s charts.
I analyzed the market trends and observed that Ethereum managed to drive its sales volumes to approximately $6.7 million, surpassing Bitcoin’s consistent NFT sales figures which have been robust since March.
At present, Ethereum’s reign has come to an end as Bitcoin regains dominance with a trading volume of $6.6 million against Ethereum’s $6.2 million. Notably, Ethereum experienced a significant 14% decrease in its 24-hour sales volumes, struggling to match the escalating Ordinals volume during the same period.
Sorry Ronaldo, Binance NFT holders are still allowed to “siuuu”
A Miami federal judge rejected Cristiano Ronaldo’s attempt to discard a $1 billion class action lawsuit concerning his NFTs linked to Binance.
As a crypto investor following the legal developments of the Ronaldo case closely, I’m excited to share that on May 4, Judge Roy Altman made a significant decision in our favor. He granted the class action group’s motion to postpone the trial and flatly rejected Cristiano Ronaldo’s attempt from April 25 to dismiss the lawsuit. This means that the trial will not proceed at this time, giving us more time to prepare for the legal proceedings ahead.
In November, a number of Binance users filed a lawsuit against Ronaldo, accusing him of promoting the unregistered securities trading platform, which resulted in their financial losses.
As a researcher, I’ve discovered that Cristiano Ronaldo holds ownership of three non-fungible token (NFT) collections linked to Binance. The lawsuit alleges that individuals who registered on the exchange with the intent of acquiring these NFTs were likely to exhibit long-term engagement and commit to using Binance for their cryptocurrency investment activities.
In the effort to have the lawsuit dismissed, Ronaldo’s legal team contended that he held no involvement in the alleged actions of Binance as stated in the complaint, and since the case was filed in an American court, it carried no jurisdiction over the Portuguese-resident Ronaldo living in Saudi Arabia.
Other news
During his free time away from legal proceedings accusing him of falsifying business documents to cover up a $130,000 payment to porn star Stormy Daniels for her silence over an alleged affair, Donald Trump welcomed NFT (Non-Fungible Token) owners to his Florida residence for a private dinner.
As a crypto investor, I’ve noticed that NFT powerhouse Yuga Labs recently underwent some organizational changes. In order to pour more resources into the development of their much-anticipated metaverse project, Otherside, they announced layoffs last month.
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2024-05-09 07:47