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Due to Phishing, Taiwanese Artist Jay Chou Lost His NFT BAYC

Jay Chou, a singer and actor from Taiwan has just been hit by an accident where he lost his NFT Bored Ape Yacht Club (BAYC), due to a phishing attack.

The popularity of Non-Fungible Token (NFT) is being felt by everyone in the world. Now, people are scrambling to buy NFT to turn it into an investment area that will be very profitable.

Unfortunately, this digital investment has a very low security system, so assets belonging to some people are very easy to be stolen by irresponsible people.

Jay Chou’s NFT Bored Ape Lost Due to Phishing Attack

Through his Instagram account, Jay Chou confirmed that he had lost some of his digital token collection. At first, he thought this was just an April Fool’s Day, but after investigating it turned out that his NFT really disappeared and was stolen by Scammers.

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As a result of the incident, he lost up to 550 thousand US dollars or around Rp. 7.86 billion. The NFTs stolen were Bored Ape Yacht Club, Mutant Ape and two NFTs from Doodles.

According to a report from Etherscan, the scammers have managed to sell all of the stolen NFTs and managed to pocket a profit of $390,000 or equivalent to Rp. 5.6 billion (BAYC only).

The method that scammers use to take their victims’ NFTs is by buying a verified Twitter account and committing a scam in the form of a give away.

They also use bots to lure victims into clicking a link to a phishing site. In a short time, the scammers managed to steal some of the digital assets belonging to their victims.

Jay Chou NFT
Photo: DramaPanda

But, not only through Twitter, guys. The scammers usually also carry out their actions using other social media such as Instagram, Facebook, and so on.

Also Read: DC Comics Will Create Batman In NFT Form, What Are The Advantages?

So, for NFT activists, you must increase your vigilance, don’t let your assets become the next phishing victim, because scammers will continue to exist and stalk NFT users who are careless.