ZachXBT Reports BAYC & Beanz NFT Worth Over $235k Hacked

A  recent report by blockchain investigator ZachXBT shows that one NFT user lost 6 Bored Ape Yacht Club (BAYC) and 40 Beanz Non-Fungible Tokens (NFTs). At the time of this writing, no official investigations have been channeled to recover the drained NFTs.

An NFT trader loses 6 X Bored Apes and 40 x Beanz NFTs

BAYC and Beanz are some of the most popular NFT collections in crypto. BAYC ushered in the NFT mania with the likes of Justin Bieber pouring $1.3 million into one Ape.

BAYC’s value has tanked since then. According to CoinGecko, today’s Bored Ape Yacht Club price floor is $33,963. That means one BAYC is worth 10.15 ETH.

ZachXBT reports that the user lost 6 BAYC NFTs to the drain.  According to the current BAYC market value, the NFT holder has lost Apes worth 60.9 ETH, approximately $203,778.

ZachXBT Reports BAYC & Beanz NFT Worth Over $235k Hacked

Source: ZachXBT Telegram channel

According to ZachXBT, the hacker’s address on etherscan is 0x0CD….54D28C, and the victim’s address is 0xd7b….6b7c36.

The hacker also stole 40 Beanz Non-Fungible Tokens (NFTs). According to CoinGecko, the BEANZ Official (BEANZ) price floor today is $694.15. One BEANZ NFT is worth 0.21 ETH. Hence, the stolen Beanz NFTs total 8.4 ETH. 

The user lost Beanz NFTs worth $28,047 per the floor price. The total amount drained is 69.3 ETH, or approximately $231,825.

NFTs are not as popular as they once were, and neither are they as pricey. The NFTs market is witnessing a huge downturn in sales as the second half of 2024 begins. 

According to data from Cryptoslam, the average NFT sale prices have tanked by nearly 60% between March and June 2024. 

Also Read: SEC charges Consensys Software for unregistered securities sales