18/12/2023 NFT Trader’s stolen Apes returned after bounty payment

NFT Trader’s stolen Apes returned after bounty payment

The hacker returned 36 BAYC and 18 MAYC after receiving a 120 Ether bounty payment from Yuga Labs co-founder Greg Solano.

All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) stolen from the peer-to-peer trading platform NFT Trader have been returned after a bounty payment.

NBA legend Shaquille O’Neal signs $11M Astrals NFT settlement
OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter
IOTA's NFT Marketplace Goes Live in Testnet: What Has Been Achieved So Far?

NFTs worth nearly $3 million were stolen in the hack on Dec. 16. As per public messages, the attackerattributedthe original exploit to another user. “I came here to pick up residual garbage,” they wrote, requesting ransom payments to return the NFTs.

“If you want these NFT’s back then you need to pay me 120 ETH […] and then I will send you the NFT’s, it’s as simple as that, and I never lie, believe me […],”readsone of the messages.

A community initiative led by Boring Security — a non-profit Web3 security project funded by ApeCoin — recovered all the assets in less than 24 hours after paying the 120 Ether (ETH) bounty, worth around $267,000 at the time of writing.

“All 36 BAYC and 18 MAYC that the exploiter had are now in our possession. We sent her [the hacker] 10% of the floor price of the collections as bounty,” the Boring Security teamwroteon X (formerly Twitter).

Congratulations to the@BoringSecDAOin getting back those Apes.

Well done. ✅@BoredApeYCpic.twitter.com/brVGQ58Sg2

— realniceguy.eth ❄️ (@realniceguy_SRH)December 17, 2023

The bounty was paid by Greg Solano, co-founder of Yuga Labs. The company is the creator of both the NFTs collections and supported negotiations to recover the tokens and return them to their original owners for free.

According to “Foobar", pseudonymous founder and developer of Delegate, the vulnerability was introduced 11 days ago after a smart contract upgrade allowed the misuse of a multicall feature, enabling unauthorized transfers of NFTs from their rightful owners due to previously granted trading permissions.

The incident prompted calls for users to revoke all permissions granted to two old contracts 0xc310e760778ecbca4c65b6c559874757a4c4ece0 and 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af. The NFTs could be stolen again if approvals are not revoked, Foobar said. The developer assisted NFT Trader's team in stopping the attack shortly after it was discovered.

Arts

https://cointelegraph.com/news/nft-trader-stolen-bayc-mayc-returned-bounty-payment

Interesting NFTs
Pine Seedlings on the First Rat Day (female diver pleasured by octopuses)
Katsushika Hokusai (1760-1849) Pine Seedlings on the First Rat Day (female diver pleasured by octopuses) 1814 - Japan
The Slabs
The Slabs - Prixel Art Animation "She looks tired and gone in thoughts. Her arm must have cost a fortune. Definitely Sisma Corp but I can't make out the exact model." - Simon Corley, 2084, New Harbor - Music by the amazing Brian Woods. Unlockables: - Endless Random Loop App. (PC/MAC) - HD VIDEO (approx. 2 mins) - Animated GIF - Wallpaper & Print Ready PDF Dimensions: Video [1920x1080] App [Adaptive] I will send a Download Link to the buyer after purchase.
Art Is The Currency of the Infinite
This still-life, titled after one of Pablo Picasso's infamous quotes, was made solely using 3D softwares and apps, in an attempt to bring this often forgotten artistic genre into the 21st century through the use of new artistic mediums and technologies. This piece is also an invitation to meditate on the role of "value" throught the ages and how it's been radically altered by the coming into existence of technologies and concepts like cryptocurrencies and digital scarcity.
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great José Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?
Poba
Moonfae are a race of outlandish creatures in the world of The Beacon. Settlers named them so because of their otherworldy nature and their apparent relation to the moon.