NFT Thefts on Instagram Are on the Rise, Including Bored Ape Hacks – Bloomberg

When it comes to crypto hacks, the story is often the same: Scammers take advantage of a vulnerability in a blockchain’s design and make off with millions, like in the $600 million-plus heist involving the play-to-earn NFT game Axie Infinity and the $77 million theft that took place Saturday on decentralized finance projects Rari Capital and Fei Protocol.