Cryptocurrency

"Bored Ape Yacht Club creator buys CryptoPunks and Meebits"

2022-03-11 [vendor] Yuga Labs monopoly achieved [chain] ethereum
Primary Source ↗
Blockchain(s) Ethereum

Incident Details

Nothing really says “decentralized” like one company controlling the priciest and most popular NFT collections! Yuga Labs, the company behind the popular Bored Apes Yacht Club NFTs, announced they had purchased CryptoPunks and Meebits from LarvaLabs. CryptoPunks is one of the oldest NFT collections, and, along with Bored Apes and Meebits, ranks among the priciest collections on the market. Yuga Labs is also the owner of the popular Bored Ape Kennel Club and the Mutant Ape Yacht Club projects.

Technical Details

Vendor / Product
Yuga Labs monopoly achieved

Timeline

  1. 2022-03-11 Breach occurred
  2. 2022-03-11 Publicly disclosed