06/06/2022 Bored Apes Co-Founder Criticizes Discord After NFTs Worth 200 Ethereum Snatched in Exploit

Others have criticized criticism of the platform, saying it shouldn’t be blamed if not used correctly.

bored-ape-nfts-gID_2.jpeg

A co-founder of the popularBored Ape Yacht ClubNFT collection yesterday lashed out at Discord after its server was exploited and NFTs worth 200 Ethereum ($358,962) were stolen from users.

Gordon Goner on Saturday wrote on Twitter that Discord, a chat app popular with the crypto community, “isn’t working for Web3 communities.”

“We need a better platform that puts security first,” he added.

BAYC acknowledged the exploit on Twitter, adding,“The team caught and addressed it quickly.”

Yuga Labs, the team behind the NFT collection, said it was investigating the incident. But others in the crypto community said the hack was the fault of BAYC Discord users.

“Don’t blame Discord for users getting socially engineered, having DMs open and clicking phishing links,” wrote analyst OKHotshot. “Use the tool correctly first before blaming it.”

While developer Cory.eth, who founded NFT collection OpenAvatar, added that users “just need to use the technology better.”

BAYC is a very sought-after collection of quirky ape profile pictures minted as NFTs on the Ethereum blockchain. Rich and famous people like Eminem, Madonna, and billionaire businessman Mark Cuban haveall snapped them up.

NFTs(non-fungible tokens) are deeds of ownership for digital items, and they're being used by some to helprevolutionize the art and music worlds.

Owners of Bored Apes have access to an exclusive Discord channel where they can discuss the NFTs.

But Saturday’s exploit wasn’t the first time attackers leveraged BAYC’s social media channels. Just last month, BAYC’s official Instagram account washacked, and thieves stolea total of $2.8 million by sharing a link to a scam website that pinched NFTs from users’ wallets.

Arts

https://decrypt.co/102076/bored-apes-co-founder-blames-discord-after-200-ethereum-snatched-in-exploit?amp=1

Interesting NFTs
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/
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By OthersideDeployer
CryptoPunk #2066
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
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