Yuga Labs, the creator of popular NFT collection Bored Ape Yacht Club, suffered a major setback when its CEO’s Twitter account got hacked. The Yuga Labs team is working to regain control, but some users have already reported losing their NFTs and funds. Learn more about this developing story here.
Yuga Labs, the company behind the popular NFT collection Bored Ape Yacht Club, recently announced that the Twitter account of its CEO, Daniel Alegre, had been hacked. The announcement came as a shock to the community, as Alegre is a respected figure in the cryptocurrency space and is a newly appointed CEO for the brand.
According to a tweet posted by Yuga Labs on their official Twitter account, Alegre’s account had been compromised, and they urged users to not interact with the profile until further announcements were made. At the time of writing, Alegre’s Twitter handle, @dalegre, was barebones, with no profile picture or cover photo, and no blue checks or Twitter verification.
The Yuga Labs team is currently working to regain control of the account, and they have assured users that they will provide updates on the situation as they become available.
Affected Holders
Unfortunately, some users have reported having their NFTs and funds stolen after the hack. One user, CryptoActuary, had his crypto wallet drained after visiting a link that led to a fake Yuga Labs website.
The user indicated that he practiced due diligence. He checked if the recipient was the actual CEO of Yuga Labs (it was!) but to his surprise was met with a drained wallet balance even after. The user has claimed it has reached out to Yuga Labs for any sort of reimbursement. Currently, he has yet to receive a response from the company.
Despite the seriousness of the situation, some users have found delight in the hack, considering it to be Daniel Alegre’s official welcome to the Web3 space. Others have speculated that due to Alegre’s inexperience, he might have underestimated the expertise of hackers in the Web3 space.
Final Thoughts
Alegre was appointed as Yuga Lab’s CEO earlier this year, after stepping down as Activision Blizzard’s President. He has a wealth of experience under his belt, and his move towards Web3 showcases his belief in cryptocurrency bringing the next phase of development.
This is a developing story, and more details will be revealed as they become available. In the meantime, users are advised to exercise caution and to avoid interacting with the compromised Twitter account until further notice.
Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.
