Cameo CEO Loses BAYC, Other NFTs After Apple ID Hack

Cameo CEO Steve Galanis lost a few non-fungible tokens, including a Bored Ape Yacht Club collection that was rooted from an Apple ID hack.

Steve Galanis is the CEO of the video-sharing app Cameo, a platform that connects artists and celebrities with their fans.

Unfortunately, he lost numerous NFT assets over the weekend through a breach in his personal Apple ID.

On August 7, Galanis went to Twitter and retweeted what his Bored Ape Yacht Club NFT looked like and stated that it was stolen.

The Cameo CEO NFT Hack

After a bot discovered that his stolen NFT Ape #9012 was being resold, the CEO of Cameo shared the news with the general public about his missing NFT. Galanis initially paid 100 Ethereum, which was equivalent to approximately $319,500 at the time when he initially purchased the BAYC NFT.

While the alleged thief later sold the ape to a new owner for 77 Ethereum, which is equivalent to approximately $130,000 at the present time. Galanis initially paid 100 Ethereum, which was equivalent to approximately $319,500 at the time when he initially purchased the BAYC NFT. While the alleged thief later sold the ape to a new owner for 77 Ethereum, which is equivalent to approximately $130,000 at the present time.

According to OpenSea, the user account known as DCC10E, was responsible for stealing and reselling the NFT on the platform. The company then confirmed that the account was no longer active.

In another tweet, the CEO of Cameo stated, "just got my Apple ID hacked," and informed his followers that in addition to his most notable NFT asset, the BAYC #9012, he had also lost several other NFT assets.

Additionally, approximately 9,000 ApeCoin cryptocurrency tokens, BAYC-adjacent Otherside tokens, Phanta Bear, and 11 Captain's Club NFTs were taken from Galanis. The value of these tokens is approximately $66,000 at the moment.

According to The Verge, Galanis made a request for assistance to OpenSea to address this breach. The NFT platform willingly obliged and has frozen the BAYC NFT in question, which makes it suspended from being sold and resold through the platform.

Additionally, it has been reported by The Verge that a large number of other NFT owners have been hacked, often for extremely large sums of money.

The actor Seth Green is a good example of this because his ape was stolen from his cryptocurrency wallet and he later paid approximately $300,000 to get it back.

Bored Ape Yacht Club Hack

This is not the first time that a BAYC has been stolen through a hacking incident. In June, the BAYC NFTs were illegally obtained through phishing tactics.

iTechPost previously reported that what appears to be a post from a phishing scam involving compromised accounts was made on the Discord servers of Yuga Labs. Accounts belonging to a community manager for Yuga Labs became the gateway to launching this massive hack.

This phishing scam pretended to be an exclusive, limited offer that was only available to current holders of BAYC, Mutant Ape Yacht Club (MAYC), and Otherside NFT. It included a link to a website where visitors could generate free NFTs by mining the cryptocurrency.

The BAYC and the Otherside Metaverse were both hacked through their respective Discord servers, resulting in the theft of 32 NFTs and the loss of more than $257,000 worth of Ethereum.