Cameo’s CEO Bored Ape NFT Stole and then Sold for $130,000?

SNEAK PEEK

  • Steven Galanis, the founder, and CEO of the celebrity shout-out app Cameo said on Twitter on Saturday that his Apple ID had been stolen.
  • One of the cryptocurrencies Galanis claimed the thief took was his Bored Ape Yacht Club NFT, which he had acquired in January for around $320,000 in digital money.
  • The account that reportedly stole the NFT and afterward sold it again on OpenSea, DCC10E, is no longer active.

Blockchain transactions are transparent and verifiable. Even if you don’t know who committed the theft, you can still see it in plain sight. The CEO of the celebrity shout-out app Cameo, Steven Galanis, announced on Twitter on Saturday that his Apple ID had been compromised. 

His Bored Ape Yacht Club NFT, which he had purchased in January for roughly $320,000 in cryptocurrency, was one of the cryptocurrencies Galanis said the burglar took. According to the sale record on OpenSea, the largest NFT exchange in the market, Galanis’s account was hacked, and someone sold the Bored Ape NFT for 77 Ethereum, which was worth $130,181.59 at the time of the sale.

On OpenSea, DCC10E, the account that allegedly stole the NFT and afterward sold it again, is no longer operational. The developer of the Bored Ape Yacht Club metaverse, Yuga Labs, as well as approximately $69,000 worth of the cryptocurrency ApeCoin, were also taken, according to Galanis.

Galanis requested assistance from OpenSea. The purchase and trading of the NFT that Galanis reported stolen (Bored Ape #9012) have been halted by OpenSea as of Monday.

NFT has been taken on a ride before. Before the NFT was taken in a phishing hack and bought by someone going under the name “Mr. Cheese,” actor Seth Green, the man behind “Robot Chicken,” was working on his TV comedy called “White Horse Tavern,” which was based on a Bored Ape Yacht Club NFT he possessed and named “Fred.” Green repurchased it in June for around $260,000 in Ethereum.

The servers of Bored Ape Yacht Club were previously breached, resulting in a loss of up to 200 ETH, or a whopping $360,000. One BAYC token and two Mutant Apes tokens were taken in the fraud, according to data from blockchain security company PeckShield.