Thursday , August 11 2022

Bored Apes worth $1 million stolen using a dot .land #domain name

Bored Apes worth $1 million stolen using a dot .land #domain name

Some unfortunate owners of the highly valuable Bored Ape Yacht Club NFTs lost their assets yesterday.

The cybercriminals took advantage of a security lapse at the BAYC Instagram page, substituting the official link with one they controlled.

Using the domain YugaLabs.land, the criminals set up a page mimicking Yuga Labs, operators of the BAYC franchise. The official web site is at Yuga.com but also YugaLabs.io that forwards to the former.

YugaLabs.land – a fake lander designed to steal wallets

Once there, the call to action images prompted visitors to connect their wallet and take advantage of a supposed airdrop-a free transfer of tokenized crypto into their accounts. Instead of receiving free crypto, some lost thousands of dollars in NFT valuables.

Dot .land is a gTLD provided by TrueName Domains. About 22,000 .land domains exist, per nTLDstats.

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