Gordon Goner, the pseudonymous co-founder of Yuga Labs, warned of a possible inbound attack on their Yuga Labs-sponsored social media accounts after receiving “credible information” that a Twitter insider would help bypass the accounts’ security.

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Yuga Labs, which houses some of the most popular non-fungible tokens (NFTs), including the Bored Ape Yacht Club (BAYC) and Otherside, has actively turned to Twitter for security after learning of an impending orchestrated attack on its social media accounts. . .

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Shortly after the community’s warning, Twitter officials began actively monitoring account activity in addition to strengthening their existing security. By issuing a pre-emptive warning, Gohner told investors that the company would never conduct surprise mints, a popular technique used by attackers to lure victims.

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The popularity and public demand for NFT offerings from Yuga Labs has led to an inadvertent rise in monkey-themed scams. On June 5, attackers managed to infiltrate the Yuga Labs BAYC and OtherSide Discord groups and steal over 145 ether (ETH).

An investigation by blockchain detective OKHotshot revealed that the attack was carried out by hacking into the Discord account of Boris Vagner, public relations and social media manager at Yuga Labs.

Optimism loses 20 million tokens due to L1 and L2 confusion

Optimism’s Tier 2 scaling solution lost 20 million OP tokens after falling victim to an exploit in a market maker’s smart contract.

From the lot, one million tokens worth about $1.3 million were sold, and one million tokens worth about $730,000 were transferred to Vitalik Buterin’s Ethereum address on Optimism. The remaining 18 million tokens remain dormant and can be sold or used to change governance decisions.