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NFT Trader’s stolen Apes returned after bounty payment

Press Releases Crypto News Cointelegraph NFT Trader’s stolen Apes returned after bounty payment

All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) stolen from the peer-to-peer trading platform NFT Trader have been returned after a bounty payment.

NFTs worth nearly $3 million were stolen in the hack on Dec. 16. As per public messages, the attacker attributed the original exploit to another user. “I came here to pick up residual garbage,” they wrote, requesting ransom payments to return the NFTs.

“If you want these NFT’s back then you need to pay me 120 ETH […] and then I will send you the NFT’s, it’s as simple as that, and I never lie, believe me […],” reads one of the messages.

A community initiative led by Boring Security — a non-profit Web3 security project funded by ApeCoin — recovered all the assets in less than 24 hours after paying the 120 Ether (ETH) bounty, worth around $267,000 at the time of writing.

“All 36 BAYC and 18 MAYC that the exploiter had are now in our possession. We sent her [the hacker] 10% of the floor price of the collections as bounty,” the Boring Security team wrote on X (formerly Twitter).

Congratulations to the @BoringSecDAO in getting back those Apes.

Well done. ✅ @BoredApeYC pic.twitter.com/brVGQ58Sg2

— realniceguy.eth ❄️ (@realniceguy_SRH) December 17, 2023

The bounty was paid by Greg Solano, co-founder of Yuga Labs. The company is the creator of both the NFTs collections and supported negotiations to recover the tokens and return them to their original owners for free.

According to “Foobar”, pseudonymous founder and developer of Delegate, the vulnerability was introduced 11 days ago after a smart contract upgrade allowed the misuse

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Author: Ana Paula Pereira

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