Yuga Labs warns of ‘persistent threat group’ targeting NFT owners

Yuga Labs warns of ‘persistent threat group’ targeting NFT owners

Creator of the Bored Ape Yacht Club (BAYC), Yuga Labs, has issued a warning that an "organized attack" on several non-fungible token (NFT) communities may be imminent.

On July 19, the NFT firm informed its Twitter followers that a "persistent threat group" had been identified that is using hacked social media accounts to target the NFT community. The company urged followers to be vigilant.

This isn't the first time the firm has alerted the community about a potential hacking assault that might be triggered by social media.

Not the first, not the last

In June, Yuga Labs co-founder, Gordon Goner, forewarned the firm of a potential oncoming attack on its Twitter social media accounts.

Soon after the warning, Twitter representatives started keeping an eye on what was happening with the accounts and strengthened their security. Goner assured investors that the firm would never engage in surprise mints, a common tactic used by attackers to seduce victims.

The month also witnessed the compromising of two official Discord groups connected to the BAYC and OtherSide NFTs, giving con artists access to the official BAYC, Mutant Ape Yacht Club, and OtherSide groups on Discord.

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