The latest victim of the theft of $116,000 worth of Bored Ape digital collectibles was successfully revealed by crypto expert ZachXBT on Twitter last Saturday.
According to ZachXBT, Bored Ape's non-fungible token (NFT) sold rapidly immediately after the thief made a cross-chain exchange on RenBridge.
Indeed, the use of cross-chain bridges is one of his main approaches to confusing cryptocurrency transactions.
As evidence, RenBridge has 'laundered' $540 million in crypto assets resulting from theft, fraud, ransomware and various other types of criminal activity.
While the latest Bored Ape theft recorded the fastest loss in the NFT market where August was the month that had the most negative impact on Bored Ape NFTs due to theft incidents.
Steven Galanis reported the loss of Bored Ape and other assets in his Apple ID exploit on August 7. Later, the theft was linked to the Binance account when the thief tried to withdraw the money.
Also, another scam that happened was Bored Ape's owner transferred NFT to the thief via NFT Trader and received 26,500 fake Ape Coins in return.
Meanwhile, data shows that the NFT Bored Ape Yacht Club floor price fell below $100,000 for the first time since August 2021 due to the deteriorating cryptocurrency market.
Despite this, NFT purchases are increasing as many investors scramble to buy NFTs at lower costs.
