Jay Chou, a pop singer, has lost $550,000 in NFTs to fraudsters

After falling prey to a phishing scam, Jay Chou, a Taiwanese music singer, had $550,000 worth of non-fungible tokens stolen from him.

The con artist made off with an NFT from the Bored Ape Yacht Club collection, which had been given to him by well-known Taiwanese musician Jeffrey Hwang (aka Machi Big Brother). He also lost two NFTs from the Doodles and one from Mutant Ape Yacht Club.

One of Asia’s top performers acknowledged the theft in an Instagram post earlier today.

https://www.instagram.com/p/Cby6ZKxPuI9/

Image by instagram.com

Chou claims that he initially mistook the theft for an April Fools joke before learning that he was no longer in possession of his valuable NFTs. Fraudsters buy verified Twitter accounts for a few thousand dollars to operate giveaway schemes, according to on-chain detective @zachxbt. Bots are commonly used by scammers to deceive consumers into clicking links that lead to a phishing site, robbing them of their NFTs.

Other prominent social media platforms, such as Instagram, are being used by bad actors to find potential victims. It only takes a split second for one’s judgment to fail and one’s assets to be lost forever.

Hackers gained access to a Bored Ape Yacht Club official Discord server earlier today. The official Twitter account of the most successful NFT project to date, which confirmed the hack, advised that it will not be making any April Fools airdrops in a tweet.

The hacker was able to effectively steal one NFT after providing a phony link to a fake mint on one of the server’s channels, according to blockchain security firm PeckShield.

The issue was “quickly” identified, according to the Bored Ape Yacht Club.

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