Monday, January 17, 2022

$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life – Bitcoin News

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According to studies, roughly $2.2 million value of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) had been stolen from a collector. The proprietor of the NFTs Todd Kramer stated the incident was “arguably the worst night” of his life. Furthermore, there’s claims that the NFT market Opensea froze the collectibles, and crypto advocates are complaining about the lack of decentralization.

15 BAYC and MAYC NFTs Stolen — Victim Begs Opensea for Help, Reports Claim NFTs Were ‘Frozen’

On December 30, 2021, a BAYC collector advised the public that 15 Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs had been stolen. “NFTX these apes and mutants have been stolen and flagged on Opensea. Please remove from your liquidity pool,” he added. Todd Kramer additionally listed all the apes that had been stolen. Kramer additionally burdened in one other tweet that it was “arguably the worst night” of his life.

$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was 'Arguably the Worst Night' of His Life
A now-deleted tweet from Todd Kramer on December 29, 2021, was captured on archive.org.

The 15 ape theft is one of the first NFT assortment crimes since NFT collections like Cryptopunks, BAYC, MAYC, and others have seen significant demand. After the incident, there have been claims that Opensea stepped in and froze the NFTs. However, there isn’t any official affirmation that the main NFT market carried out this process.

A now-deleted tweet from Todd Kramer on December 30, 2021, which was additionally captured on archive.org. Kramer claims all the apes had been frozen in the tweet.

Moreover, there’s been complaints about the alleged frozen BAYCs, as the “lack of decentralization” was referred to as into query. “Who was able to freeze the NFTs?” a person replied to Kramer’s now-deleted tweet. “Feels pretty anti-crypto to be asking third parties to do this and ideally they shouldn’t be able to. This was just extremely poor OPSEC on your part. True decentralized ownership no one should be able to step in. Good luck.”

The co-developer of the Unified Modeling Language and famend software program engineer Grady Booch additionally replied to the now-deleted tweet. “Silly me,” Booch tweeted. “And here I thought that the code is the law and that one of the very ideas of cryptocurrencies was the elimination of any possibility of centralized intervention.” Booch added:

Hypocrites; everybody of you.

The finish outcome of the stolen BAYC and MAYC NFT fiasco has not been disclosed publicly, however it appears a couple of people helped ease Kramer’s worries. We additionally don’t know why Kramer determined to delete a couple of of the tweets he wrote on December twenty ninth and the thirtieth. However, the tweets had been saved to archive.org and the statements are nonetheless accessible.

Tags on this story
$1500, $2.2 Million, BAYC, Bored Ape Yacht Club, frozen, Liquidity, Marketplace, MAYC, Mutant Ape Yacht Club, nft, NFT assortment, NFT hack, NFT gross sales, NFTs, Non-fungible tokens, Opensea, stolen, Stolen NFTs, Theft, Todd Kramer

What do you concentrate on the 15 BAYC and MAYC NFTs that had been allegedly stolen? Let us know what you concentrate on this topic in the feedback part under.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News about the disruptive protocols rising in the present day.




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