NFT Trader's Pilfered Apes Were Given Back Upon Payment of A Reward

Following receipt of a 120 Ether reward payout from Yuga Labs co-founder Greg Solano, the hacker remitted 36 BAYC and 18 MAYC. 

Source: beincrypto.com

Following a reward payment, all non-fungible tokens, also known as NFTs, belonging to the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) that were taken by the peer-to-peer marketplace for trading NFT were recently restored. Almost $3 million worth of NFTs were seized in the December 16 attack. The hacker claimed that another user was responsible for establishing the initial vulnerability in public forums. They stated, “I went here to pick up leftover trash and demanded money in extortion to get the NFTs back”

One of the texts said, “It's as easy as that, and I'll never lie, trust me [...] if you'd like these NFTs back then you have to give me 120 ETH [.. ].” After delivering the 120 Ether (ETH) prize, which is currently valued at approximately $267,000, all of the property's contents were retrieved in less than 24 hours by an online effort headed by Boring Security, a not-for-profit Web3 security group supported by ApeCoin.

“We now have all 36 BAYC and 18 MAYC that the person who abused them was in control of and the 10% of the floor cost of the collection was delivered as a bounty to the criminal”, according to what the Boring security group said on X (previously Twitter). Greg Solano, one of the co-founders of Yuga Labs, delivered the prize. The business is the one who started the NFT collecting and backed the talks to get the tokens back and give them back to the rightful owners for nothing.

The security hole emerged 11 days ago, said Foobar, the anonymous founder, and creator of Delegate, following a smart contract improvement that permitted an improper use of a multicall characteristic, allowing the illegal transfer of NFTs from their legitimate owners because of prior trading authorizations. Calls were made following the event for users to remove any rights given to 2 outdated contracts, 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af and 0xc310e760778ecbca4c65b6c559874757a4c4ece0. According to Foobar, if the authorizations are not rescinded, the NFTs could be retaken. Soon after the attack's discovery, the programmer helped the NFT Trader crew halt it.

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