Someone Stole Cameo CEO's Bored Ape NFT and Sold It for $130,000
Cameo co-founder Steven Galanis said his Apple iCloud was compromised, leading to a big loss.
This is the Bored Ape Yacht Club NFT stolen from Cameo's co-founder Steven Galanis.
Owning a Bored Ape Yacht Club NFT puts a target on your back for scammers and hackers, especially if you're high profile. Steven Galanis, the co-founder and CEO of the Cameo app, was victim to a crypto hack on Saturday, according to Gelanis. This led to the loss of several NFTs, including one Bored Ape, and over $70,000 worth of cryptocurrency.
All up, more than $200,000 worth of crypto assets were stolen. Gelanis' Bored Ape, which records show he bought for $319,000 in January, was stolen and immediately sold for $130,000. In addition to several other NFTs, including a few Otherdeed land NFTs for Yuga Labs' upcoming Bored Ape Yacht Club metaverse game, Gelanis was also robbed of $69,000 worth of the Ape Coin cryptocurrency and just under $4,000 in ether.
Cameo is an app that allows you to buy personalized video messages from thousands of celebrities, such as Caitlyn Jenner, Lindsay Lohan and Ice T.
Cameo was a big hit during the first year of COVID, generating over $100 million in 2020, though it cut 25% of its workforce in May.
Just got my Apple ID hacked. So far I’m out my @BoredApeYC, over 9k in $APE, 3 @OthersideMeta plots, 1 Phanta Bear, and 2 @11CaptainsClub NFTs 🤯🤯🤯 pic.twitter.com/ikTQUx7ubw
— Steven Galanis (@Mr312) August 7, 2022
🔒 If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds. (Read on 👇) 1/3
— MetaMask 🦊💙 (@MetaMask) April 17, 2022
Gelanis tweeted Saturday that his crypto wallet was hacked through his Apple iCloud account. He offered no more details, but it wouldn't be the first time.
In April, it was discovered that using the MetaMask wallet on an iPhone can sometime lead to your seed phrase, the 12-word password required to log into a crypto wallet, to be backed up on the attached iCloud account. Accessing someone's iCloud can mean accessing their seed phrase, which gives complete control of the related crypto wallet account. In April, a man lost $650,000 worth of crypto and NFTs due to a compromise of his iCloud account.
"Already $650,000 stolen from a single individual and it's going to happen to a lot more people," a blockchain investigator wrote at the time.