Hack on Bored Ape Yacht Club NFTs leads to $3m simian oblivion

Yuga Labs, the multibillion-dollar collective behind the infamous Bored Ape Yacht Club non-fungible tokens, has been targeted by another hacking attack, leading to the theft of millions of dollars worth of the simian NFTs.

As one of the most prominent NFT collections, with celebrity owners including Eminem, Gwyneth Paltrow and Madonna, BAYC holders are often targeted for attacks, with greater or lesser technical significance.

And earlier this month, a North Korean hacking outfit named Lazarus stole more than half a billion dollars-worth of crypto tokens from the video game Axie Infinity. Despite the hack being recorded on the blockchain, which keeps all transactions public, the state-sponsored hackers appear to have successfully laundered nearly $100m of the stolen funds already, largely by using a decentralised money-laundering service called Tornado Cash.