\u201cWelcome to the Boldape,\u201d the advert states.<\/p>\n
\u201cThe BoldApe collection is constantly being developed and its applications are constantly increased. The first [2][2][2] Boldape are FREE.\u201d<\/p>\n
Another less prominent MultiChoice account (@MultiChoiceGRP<\/a><\/strong>) posted a similar advertisement last week.<\/p>\n Much better worded, it tried to create the impression that MultiChoice was entering the realm of decentralised finance.<\/p>\n \u201cWe are working on a number of new products and services that will allow our members to take advantage of the power of Web3.\u201d<\/p>\n The ad was spotted<\/a><\/strong> by the founder and board member of the charitable cause platform Forgood, Andy Hadfield. Htxt first reported<\/a><\/strong> it.<\/p>\n DStv Twitter account advertising scam site targeting people interested in the “Bold Ape Jacksons” free NFT mint.<\/p><\/div>\n MyBroadband\u2019s investigation showed that there appears to be a legitimate Bold Ape non-fungible token (NFT) project.<\/p>\n However, MultiChoice\u2019s accounts were being used to promote an attack site targeting people who may be interested in the legitimate one.<\/p>\n NFTs are a type of crypto token on blockchains that can represent arbitrary data. The best-known examples are so-called profile picture (PFP) NFTs like Cryptopunks and the Bored Ape Yacht Club.<\/p>\n During the last crypto craze that peaked in 2021, these types of NFTs exploded in value, with some selling for millions of rands.<\/p>\n Celebrities including Jimmy Fallon, Paris Hilton, Seth Green, Madonna, and Justin Bieber bought into the craze.<\/p>\n When prices came crashing down, many of them became the target<\/strong><\/a> of a proposed class-action lawsuit.<\/p>\n The lawsuit was recently amended<\/a><\/strong> with allegations that Bored Ape Yacht Club developer Yuga Labs colluded with respected fine arts broker Sotheby\u2019s to run a deceptive auction.<\/p>\n Despite the market downturn, several new NFT projects are regularly being launched.<\/p>\n Although extremely niche, scammers target these launches by setting up attack sites and promoting them on social media, especially Twitter, Discord, and YouTube.<\/p>\n These attack sites usually aim to trick users into giving scammers access to funds in victims\u2019 crypto wallets.<\/p>\n MyBroadband\u2019s analysis of the scam promoted by DStv\u2019s Twitter account indicated that this was precisely what it was doing.<\/p>\n Visiting the attack site immediately prompts you to connect your Web3 crypto wallet.<\/p>\n Once connected, the site automatically initiates a transaction to increase the spending limit for a valuable crypto token \u2014 in this case, Liquid Staked Ether.<\/p>\n This illustrates how well-targeted these attacks are. The attackers know that the typical NFT market participant is probably also staking their ether (the Ethereum blockchain\u2019s native cryptocurrency).<\/p>\n Rather than just going for the native ether in your wallet, their first target is your staked ether.<\/p>\n Attack site built to look like the actual Bold Apes website. It tries to trick you into giving it access to valuable tokens in your \u201cWeb3\u201d crypto wallet.<\/p><\/div>\n MyBroadband\u2019s investigation also revealed that there appears to be a legitimate Bold Ape project.<\/p>\n Navigating to its website \u2014 boldape.pro<\/a><\/strong> \u2014 returned a server error that pointed to its public mint on NFT marketplace OpenSea<\/a><\/strong>.<\/p>\n Rather than click the link, we navigated to OpenSea directly and searched for the project\u2019s first NFT collection named \u201cBold Ape Jacksons\u201d. The collection was indeed on OpenSea and in the middle of a public mint.<\/p>\n \u201cMinting\u201d refers to the process of distributing a collection of NFTs to the market.<\/p>\n Often, NFT creators charge a price for minting tokens in their collection. In this case, the Bold Ape Jacksons were free, and buyers only had to cover their transaction fees.<\/p>\n MyBroadband tested the Bold Ape Jacksons mint and received two free NFTs after paying the transaction fee.<\/p>\n The NFTs are hosted on the Polygon blockchain, not Ethereum, making the transaction fees negligible.<\/p>\n Between the time our investigation began and publication, all of the NFTs in the collection that were made available for the public mint had been claimed.<\/p>\n Scammers often capitalise on NFT mints to try and trick people into giving their attacks sites access to their funds.<\/p>\n If crypto scammers are sharks, then a free mint is like chum.<\/p>\n Those considering participating in events like NFT mints must be on high alert in the period leading up to the big day to avoid falling prey to a scam.<\/p>\n MyBroadband contacted MultiChoice for comment, and it provided the following statement:<\/p>\n \u201cMultiChoice is aware that an advert from an unknown source was posted to some of its social media pages advertising an alleged NFT scam. Our teams are working diligently to investigate this incident and want to assure our customers that we always strive for the highest value of security and will communicate any updates in due time.\u201d<\/p>\n At least two Twitter accounts belonging to MultiChoice have been promoting an NFT scam.<\/p>\n","protected":false},"author":15,"featured_media":504876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696,27],"tags":[13051,77364,85,35,475,69137,51021],"class_list":["post-504868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","category-security","tag-andy-hadfield","tag-bored-ape-yacht-club-bayc","tag-dstv","tag-headline","tag-multichoice","tag-non-fungible-tokens-nft","tag-riccardo-fluffypony-spagni"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/504868"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=504868"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/504868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/504876"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=504868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=504868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=504868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2023\/08\/DStv-BoldApe-attack-site-Twitter-advertisement-screenshot-by-fluffypony-386x533.jpg\")
<\/a>![\"\"](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2023\/08\/Fake-Boldape-attack-site-transaction-after-connecting-wallet-showing-data-error.jpg\"){kind=spacer}
<\/a>![\"\"](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2023\/08\/Bold-Ape-Jacksons-mint-and-inventory-with-border.jpg\")
<\/a><\/p>\n
\nNow read: Boss of South Africa\u2019s biggest pyramid scheme in history found guilty in Brazil \u2014 fined R595,000<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"