Amidst a decline in NFT sales volume, a hacker, operating under the pseudonym “Fake_Phishing182232,” has successfully stolen four Mutant Ape Yacht Club (MAYC) NFTs.
As reported by the blockchain security and intelligence firm PeckShield, the hacker targeted specific collectibles, namely, MAYC #8265, #6840, #7840, and #4843, making off with them from the MAYC platform.
Surprisingly, the hacker paid a mere $14.94 in transaction fees to transfer the NFTs to their wallet, and all four transactions were completed within a remarkably brief five-second timeframe.
Although the hacker paid nothing for the NFTs, data from CryptoSlam reveals that the average floor price of MAYC collectibles stands at approximately 6.07 Ethereum, equivalent to roughly $11,500 at the current market value.
It is worth noting that the sister collection of MAYC, the Bored Ape Yacht Club (BAYC), has experienced a significant decline in its average floor price, plummeting by 90%. Whereas the bottom price for BAYC was around $600,000 in May 2022, it currently hovers at approximately $60,000.
Despite the challenges faced by BAYC, MAYC has seen a surge in sales volume, increasing by 77.7% over the past 24 hours and reaching $573,000, according to CryptoSlam. Meanwhile, the overall NFT sales have witnessed a decline of over 20%, totaling $14.9 million at the time of reporting.
The incident serves as a reminder of the importance of robust security measures in the NFT space, as hackers continue to exploit vulnerabilities and target valuable digital assets. It also highlights the need for ongoing vigilance and improvements in the security infrastructure of NFT platforms to safeguard the interests of collectors and investors. As the NFT market continues to evolve, the industry must proactively address security concerns to maintain the trust of its growing community.
