Metaverse platform The Sandbox saw its Instagram profile hacked and used to try and rent out Bored Ape Yacht Club nonfungible tokens (NFTs) from a number of users on the social media platform. The Sandbox managed to restore control of its Instagram account a few hours later.
Hackers gained access to the profile of the voxel-powered NFT platform on September 8. Hackers advertised a fraudulent raffle ticket event that claimed to be a season 4 LAND giveaway to unwary visitors by rerouting The Sandbox fans to a fake raffle giveaway URL.
The company claimed that the fraudulent giveaway had been promoted by getting beyond its two-factor authentication and other security safeguards. One user claimed to have lost NFTs after following the fraudulent link, and the profile’s website address was altered.
Sandbox co-founder and chief operating officer Sebastien Borget revealed that the hackers then reached out to a number of users on Instagram with Bored Ape Yacht Club profile pictures in an attempt to “rent” out the NFTs – offering 40 Ether (ETH) to use the BAYC NFTs for 24 hours.
According to Borget, The Sandbox managed to recover control of its Instagram account a few hours later, while stories promoting the fake giveaway were still live on the account at the time of publishing.
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