{"id":88356,"date":"2023-12-17T13:08:33","date_gmt":"2023-12-17T11:08:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88356"},"modified":"2025-09-13T17:33:55","modified_gmt":"2025-09-13T14:33:55","slug":"nft-trader-loses-about-3-million-in-hack","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nft-trader-loses-about-3-million-in-hack\/","title":{"rendered":"NFT Trader loses about $3 million in hack"},"content":{"rendered":"<p>Unknown attackers targeted the old smart contracts of the P2P platform NFT Trader and made off with non-fungible tokens. The project team confirmed the incident.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>??We&#8217;ve suffered an attack on old smart contracts, please remove the delegation using <a href='https:\/\/t.co\/zEMgkS96nP'>https:\/\/t.co\/zEMgK96nP<\/a> to the following addresses:<br \/>-0xc310e760778ecbca4c65b6c559874757a4c4ece0<br \/>-0x13d8faF4A690f5AE52E2D2C52938d1167057B9af<\/p>\n<p>\u2014 NFT Trader (@NftTrader) <a href='https:\/\/twitter.com\/NftTrader\/status\/1736015091563438475?ref_src=twsrc%5Etfw'>December 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>Revoke Cash analysts estimated losses at about $3 million. The majority of the damage consisted of NFTs from the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) collections.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>Statement from NFT Trader:<\/p>\n<p>Looks like losses are close to $3M, mostly Bored Apes and Mutant Apes.<a href='https:\/\/t.co\/DRSKcawa7n'>https:\/\/t.co\/DRSKcawa7n<\/a><\/p>\n<p>\u2014 Revoke.cash (@RevokeCash) <a href='https:\/\/twitter.com\/RevokeCash\/status\/1736069672871534926?ref_src=twsrc%5Etfw'>December 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>Later an unknown <a href='https:\/\/etherscan.io\/tx\/0xc2f91dbab46531732908a317290e18297670d0bb02bb66f94aa883ec448d9391'>reported<\/a> about returning the stolen NFTs for a 10% reward. According to him, the original hacker was another user.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'><p>\n<cite>\u00abI am a good person. The value of these NFTs is enough for a life of freedom, but that does not concern me. I prefer to collect scraps. [\u2026] If you want to return the NFT, pay me the reward I deserve\u00bb, \u2014 he wrote.<\/cite><\/p><\/blockquote>\n<p>After this <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\">DAO<\/a> Boring Security reported the return of 36 BAYC and 18 MAYC. Those affected by the hack will have their tokens returned to them for free. The team paid 10% of the value for them.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>All 36 BAYC and 18 MAYC that the exploiter had are now in our possession.<\/p>\n<p>We sent her 10% of the floor price of the collections as bounty. We will be working with the affected victims getting them back to them free of charge.<\/p>\n<p>Right after this coffee break\u2026<\/p>\n<p>Victims please\u2026<\/p>\n<p>\u2014 Boring Security (@BoringSecDAO) <a href='https:\/\/twitter.com\/BoringSecDAO\/status\/1736263558852497534?ref_src=twsrc%5Etfw'>December 17, 2023<\/a><\/p><\/blockquote>\n<p> <script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>Earlier a U.S. district court <a href=\"https:\/\/forklog.com\/en\/news\/creators-of-counterfeit-bayc-tokens-to-pay-1-6m-to-yuga-labs\">ordered<\/a> the creators of \u201cfake\u201d BAYC to pay Yuga Labs compensation in the amount of $1.6 million.<\/p>\n<p>As reported, in October the studio behind the popular NFT collections <a href=\"https:\/\/forklog.com\/en\/news\/yuga-labs-to-cut-staff-and-focus-on-the-otherside-metaverse\">announced<\/a> that it would cut staff and focus on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-metaverse\">metaverse<\/a> Otherside.<\/p>\n<p>In July, the rare BAYC NFT #3953 <a href=\"https:\/\/forklog.com\/en\/news\/rare-bayc-token-sold-for-a-record-low-370000\">was sold for 200 ETH<\/a> (about $372,000 at the time of the deal), far below peak levels.<\/p>\n<p>In August, BAYC NFT #8585 <a href=\"https:\/\/forklog.com\/en\/news\/one-of-baycs-priciest-nfts-falls-80\">was purchased<\/a> for a record-low 153 ETH (about $254,000). The asset lost about 80% of its value in 11 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unknown attackers targeted the old smart contracts of the P2P platform NFT Trader and made off with non-fungible tokens. The project team confirmed the incident.<\/p>\n","protected":false},"author":1,"featured_media":88357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1356,44,1213],"class_list":["post-88356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bored-ape-yacht-club","tag-cybercrime","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88356"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88356\/revisions"}],"predecessor-version":[{"id":88358,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88356\/revisions\/88358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88357"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}