Boring Security DAO managed to recover the entire collection of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs that were recently stolen, after paying a ransom to the hackers.
Last Saturday, the peer-to-peer trading platform of NFT traders was attacked, resulting in the theft of nearly RM14 million in NFT. The hackers convey the message that they are "good guys" with limited technical skills, while demanding a ransom in exchange for the loot.
"If you want the monkey NFT back, you have to pay me a reward, I deserve it," the hacker said.
Less than 24 hours after the attack, the BAYC community led by Boring Security DAO coordinator started the recovery process. As requested by the hackers, the DAO has made a ransom payment of 120 Ether (ETH), worth approximately RM1.24 Million.
The amount is calculated according to the conditions set by the hacker:
“1 BAYC = 30 ETH 1 MAYC = 6 ETH. You have to pay me 10% ETH for my work. If you have BAYC with me then you have to pay me 3 ETH, if BAYC and MAYC then 3.6 ETH,” said one of the messages.
All 36 BAYC and 18 MAYC that the exploiter had are now in our possession.
We sent her 10% of the floor price of the collections as a bounty. We will be working with the affected victims getting them back to them free of charge.
Right after this coffee break...
Victims please…
— Boring Security (@BoringSecDAO) December 17, 2023
Boring Security DAO confirmed the news on Twitter, noting that the hackers had collected 10% of the floor price of 36 BAYC and 18 MAYC as rewards.
Yuga Labs co-founder Greg Solano reportedly paid the reward. Yuga Labs is the creator of the NFT collection BAYC and MAYC and is helping to negotiate the recovery. The creator also ensures that the tokens are returned in their entirety to the original owner.
