☠️🔶Sam Kari, a former security researcher at Yuga Labs, was mistakenly detained by law enforcement in connection with a 2022 scam involving the theft of over a million dollars worth of Bored Ape non-fungible tokens (NFTs). Cybersecurity researcher Zach XBT revealed this error in a post on May 9 on platform X, where he mentioned that he was able to identify the wallet behind the scam and link it to an account on X that has since been deleted. The incident highlights the challenges authorities face in accurately identifying suspects in complex cybercrime cases.
🚀👁️In December 2022, an unknown attacker stole 14 NFTs from the Bored Ape Yacht Club, which were valued at around $86,000 each at the time, according to CoinSlam data. Zach XBT clarified that law enforcement mistakenly reviewed records from OpenSea, which included Kari's home IP address, leading to his incorrect identification as a suspect. In fact, Kari was investigating the theft as part of his security work at Yuga Labs, using a private key embedded in the site's JavaScript by the attacker.
💧🍂Zach XBT used forensic tracking techniques, including reconstructing the flow of funds through Tornado, a cryptocurrency mixer on the Ethereum network, to identify a potential suspect in the 2022 theft. He urged law enforcement to request all data related to the individual's social media accounts and examine transactions linked to their alleged wallet. The Bored Ape Yacht Club, launched in 2021, remains one of the most valuable NFT collections, with a market value exceeding $300 million, according to CoinGecko. As of May 9, Bored Ape NFTs are trading at around $30,000 each on OpenSea, with price variations based on unique attributes.
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