CoinShots Logo
The Sandbox's Instagram Account Compromised, Hackers Try To Rent BAYC NFTs
Hackers redirected The Sandbox followers to a fake raffle giveaway URL and even tried to rent Bored Ape NFTs from Instagram users.
Harshvardhan
10:02 8th Sep, 2022
Frauds

Metaverse platform The Sandbox saw its Instagram profile hacked and used to try and rent out Bored Ape Yacht Club nonfungible tokens (NFTs) from a number of users on the social media platform.

The voxel-powered NFT platform’s profile was compromised by hackers on Thursday, promoting a fabricated raffle ticket event that touted a season 4 LAND giveaway to unsuspecting users.

The firm indicated that its two-factor authentication and other security measures had been bypassed to promote the fake giveaway. The profile’s website URL was changed, with one user claiming to have lost NFTs after clicking the fake link.

In a bizarre twist, Sandbox co-founder and chief operating officer Sebastien Borget revealed that the hackers then reached out to a number of users on Instagram with Bored Ape Yacht Club profile pictures in an attempt to "rent" out the NFTs — offering 40 Ether (ETH) to use the BAYC NFTs for 24 hours.

According to Borget, The Sandbox managed to recover control of its Instagram account a few hours later, while stories promoting the fake giveaway were still live on the account at the time of publishing (4:00 pm EST).

The NFT-powered Metaverse platform has collaborated with major brands and celebrities since its Alpha launch in November 2021. The likes of Paris Hilton and Snoop Dogg have partnered with the platform, while notable clothing retailers like Adidas launched NFTs wearables that are compatible with The Sandbox and other Metaverse platforms.

Source



CoinShots Logo

Services

Social

Get in touch:

© 2023 Coinshots (AtlasZero LLC). All rights reserved.