Sandbox's Instagram Account Compromised, Hackers Attempt to Rent BAYC NFTs

Hackers redirected The Sandbox subscribers to a fake raffle URL and even tried to rent Bored Ape NFTs to users of Instagram.

Metaverse platform The Sandbox had its Instagram profile hacked and used to try to rent Bored Ape Yacht Club Non-Fungible Tokens (NFTs) to a number of users on the social media platform.< /p>

The profile of the voxel-powered NFT platform was compromised by hackers on Thursday, promoting a fabricated raffle ticket event that touted a Season 4 LAND giveaway to unsuspecting users.< /p>

The company said its two-factor authentication and other security measures were bypassed to promote the bogus giveaway. The profile website URL has been changed, with a user claiming to have lost NFTs after clicking on the fake link.

Cointelegraph managed to follow the link to the fake website - which invites users to connect web wallets for a chance to win the scam raffle.

In a bizarre twist, Sandbox co-founder and COO Sebastien Borget has revealed that the hackers then contacted a number of users on Instagram with Bored Ape Yacht Club profile pictures in an attempt to "rent" them. NFT - offering 40 Ether (ETH) to use BAYC NFTs for 24 hours.

Instagram account recovered. Hacker tried to rent Bored Apes Yacht Club NFTs - using our account. We would NEVER ask via DM and have reached out to all users to let them know. https://t.co/1DRFR3JlIq pic.twitter.com/CKQWfVBTNF

According to Borget, The Sandbox managed to regain control of its Instagram account a few hours later, while the stories promoting the fake giveaway were still live on the account at press time (4:00 p.m. EST).

The NFT-powered Metaverse platform has collaborated with major brands and celebrities since its Al...