NFT: An army of monkeys may have invaded Ethereum – Revised Bored Ape Yacht Club Code

Stop the antics! – Following the Discord server hacking a few days ago the holders of the Bored Ape Yacht Club (BAYC) suffered a loss of NFT worth 200 ETH. Yuga Labs has since addressed a vulnerability by removing part of the code that could have created an unlimited number of NFTs. If that had happened, the offer would have increased indefinitely. Therefore, a hack it would have entailed significant losses for investors.

The monkey code updated

The company announced over a year ago that it would remove this part of the code. In fact it contained a vulnerability that could have led to a potential hack. Because of this, countless new monkeys could have flooded the market.

Statement from Yuga Labs co-founder and developer EmperorTomatoKetchup – Source: Twitter

“The corresponding code in the contract has now been removed. While we’ve been meaning to do this for a long time, we didn’t do it out of plenty of caution. I felt ready to do it now. That’s all. “

EmperorTomatoKetchup, co-founder and developer of Yuga Labs

Following his Twitter statement, EmperorTomatoKetchup and another Yuga Labs co-founder known as Gargamel provided a link to the transaction. It can therefore be seen that the company has revoked the code June 7 at 7:07 pm.

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Bored Ape Yacht clubs are bored but not fast

The problem of removing this part of the code had already raised in June 2021. NonFungibles CEO Dan Kelly then pointed out that according to the Ethereum blockchain code, it was possible for Yuga Labs, the company behind the popular NFT collection, to create as many macaques as they wanted. .

The bored owners of the Ape Yacht Club could have lost a lot if Yuga Labs had used some of the code to create as many NFTs as they wanted.

At the time, the collection’s official Twitter account responded without convincing the community. Sure enough, the tweet stated that Yuga Labs obviously wouldn’t go never run this code. She also planned to withdraw the ability to use it a few days later.

However, as of June 5, 2022, the affected lines were still present. An NFT developer known as foobar has alerted the community. He affirmed it the problem was still there and that Yuga Labs had never revoked it.

Revoking this loophole could be a relief for monkey owners. The project has also often been the target of phishing attacks. A few days ago, the project’s official Discord server has been hacked and 200 ETH ($ 357,000) of NFT was stolen from users. This is at least the second time this has happened this year. Not long ago, hacking the Instagram account of the famous NFT collection had also caused 2.8 million losses.

This story, incredible as it was, will likely have a happy ending against all odds. If the big dramas and little adventures of the crypto ecosystem are exciting, they shouldn’t make you forget to put your own strategy into action. Come and acquire and trade your first bitcoins and other cryptocurrencies by registering on FTX. You will benefit from a lifetime discount on transaction fees (affiliate link).

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