Saturday, May 10, 2025
Coingeography
  • Home
  • About Us
  • Events List
  • Featured Projects
  • My Account
    Home / News Classic / Blog / Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft
Blog
May 9, 2025 by William
Share this:
  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Email to a Friend

Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft

Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said. In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since been deleted. But in 2023, law enforcement detained Sam Curry, a former Yuga Labs security researcher, at an airport as a suspect in the incident, ZachXBT said. Yuga Labs is the company behind the Bored Ape Yacht Club NFT collection. “It’s unfortunate to see how a security researcher was detained when stronger leads on a threat actor potentially responsible exist,” ZachXBT said.The attacker stole 14 Bored Ape NFTs in 2022. Source: ZachXBTRelated: Crypto sleuth ZachXBT says he unmasked 50x Hyperliquid whaleAnonymous attackerIn December 2022, an anonymous attacker stole 14 Bored Ape Yacht Club NFTs, which at the time traded for roughly $86,000 each, according to data from CoinSlam.Law enforcement then “mistakenly reviewed logs from OpenSea which included [Curry’s] home IP address and used this to incorrectly link him as the suspect,” ZachXBT wrote.“In reality as part of his security work at Yuga, [Curry] had been investigating the theft and used a private key put in the JavaScript of the website by the threat actor,” ZachXBT said. ZachXBT said he used forensic tracing — including reconstructing the flow of funds through Tornado, an Ethereum mixer — to identify a person he alleges is a likely suspect in the 2022 theft.He said law enforcement officials should “request all data related to [the individual’s] social media accounts” and dig into on-chain transactions associated with their alleged wallet. Launched in 2021, Bored Ape Yacht Club is among the most valuable NFT collections, with a cumulative market capitalization of more than $300 million, according to data from CoinGecko.  As of May 9, Bored Ape NFTs trade for roughly $30,000 each, according to NFT marketplace OpenSea. Individual NFTs vary in price due to unique characteristics. Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

Previous Post
US senators ask DOJ, Treasury to consider Binance-Trump ties — Report
Next Post
Price predictions 5/9: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Leave a Reply - Cancel reply

You must be logged in to post a comment.

Converter
ADVERTISEMENT
ADVERTISEMENT
MOST READ
Latest
Blog
Bitcoin yet to hit $150K because outsiders are ghosting — Michael Saylor
10 May, 2025
Blog
Ethereum price greenlit for further upside after surprise 29% ETH rally
10 May, 2025
Blog
Doodles NFT token stalls after airdrop
9 May, 2025
Coingeography
About

Coingeography is web3 new portal powered by Corum8

Contact Us
JBR, Dubai, UAE
Get Direction
[email protected]
Monday - Saturday: 9am - 5pm
Subscribe to Newsletter

    ADVERTISEMENT
    Copyright © 2025 Corum8. All Rights Reserved.