Key Takeaways
- Recently, the exultant holder of the Bored app that he purchased for a whopping sum of $116,000 got dwindled a couple of hours later.
- There has been a lot of theft cases occurring on various apps.
Recently, the exultant holder of the Bored app that he purchased for a whopping sum of $116,000 got dwindled a couple of hours later. This came as a shock and jabbed at everyone in the NFT space. The latest happening is one of the various app thefts that took place around August, when one of the popular owners of the Simian NFTs attracted a lot of suspicion and attention.
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New BAYC Owner Scammed Just Two Hours After Buying $116K NFT
This past Saturday, courtesy of the research of cryptocurrency explorer ZachXBT, the most recent Bored app heist was made public on Twitter. The NFTs were swiftly "flipped" or sold following the theft, according to ZachXBT, before the perpetrator performed a cross-chain swap at Rainbridge. Cryptographic transactions can be attempted to be intercepted using a cross-chain bridge.
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This is an alternative to employing a coin mixing service, and it might become more appealing now that regulators are targeting Tornado Cash. A study earlier this month by the on-chain monitoring company Elliptic said that over the previous two years, a sizeable sum of money had been laundered using Rainbridge.
Though the recent bored ape theft has left many scathed and created a sort of precedence as being the quickest theft in NFTs, the perpetuation of this act was not carried out by one person; for sure, it involves one or two people. So far, so good: August has been desecrated by a massive number of NFT thefts, many of which have been traced back to bored apes. As a result, rugged ape theft and subsequent flipping are nearly the norm in the space. Let us know what you think about this in the comment section below.
