According to TRM Labs, an analysis of recent hacks targeting NFT projects carried out through Discord shows that many of them are part of a larger string of attacks.
Such attacks have rapidly risen over the past three months. Since May 2022, the NFT community has lost as much as USD 22m.
Last June, phishing attacks related to NFT minting scams made via compromised Discord accounts rose by 55% compared with May 2022.
One of the NFT project exploits that could be linked to other hacks is Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) collection.
Yuga Labs’ Discord servers were hacked on June 4th when BorisVagner.ETH, Social Manager at Yuga Labs, had his verified Discord account compromised.
Being in control of the verified account, the hacker began to post promotional material to the account’s Discord community.