Ethereum

Blast

Crypto X

Bitcoin

Donald Trump

<h2 id="bored-ape-owner-loses-3-rare-nfts-to-phishing-attack">Bored Ape owner loses 3 rare NFTs to phishing attack</h2>
A phishing attacker has pilfered three rare-trait Bored Ape Yacht Club nonfungible tokens (NFTs) worth a total of around 56 Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>), or $167,500 from one unlucky holder.&nbsp;
On-chain investigator ZachXBT first <a href="https://t.me/investigations/116" target="_blank" rel="noopener noreferrer nofollow">noted</a> the transaction showing the three Bored Apes being <a href="https://etherscan.io/tx/0x13e193fb79352c5aa5f4617c6b5ec9fe61ed2c02f3c1ee532f3629159845e017" target="_blank" rel="noopener noreferrer nofollow">moved</a> out of the wallet labeled “tatis.eth” to an Etherscan-labeled known phishing wallet.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/7b993c8b-1d8e-4c33-a224-abbfc8036efd.png">
 <figcaption style="text-align: center;">The on-chain transaction shows the three Bored Apes on the move. Source: Etherscan
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It’s not known exactly how the attack was carried out but the attacker wallet appears to use the wallet drainer-as-a-service <a href="https://cointelegraph.com/news/chainlink-pink-drainer-crypto-phishing-scam" rel="noopener noreferrer nofollow">Pink Drainer</a>.
Typically such <a href="https://cointelegraph.com/learn/what-is-a-phishing-attack-in-crypto-and-how-to-prevent-it" rel="noopener noreferrer nofollow">phishing attacks</a> spoof X accounts and websites of crypto projects like Bored Ape creator Yuga Labs’ aiming to pull in crypto users to connect their wallets with promises of rewards.
The attacks can also be more targeted, especially toward wallets home to big-ticket NFTs or large sums of crypto. Either way, once a targeted user connects their wallet to a drainer — it’s plundered.
This time, the phisher got Bored Apes <a href="https://opensea.io/assets/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/7531" target="_blank" rel="noopener noreferrer nofollow">#7531</a>, <a href="https://opensea.io/assets/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/6736" target="_blank" rel="noopener noreferrer nofollow">#6736</a> and <a href="https://opensea.io/assets/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/2100" target="_blank" rel="noopener noreferrer nofollow">#2100</a> which among them have the respective rare traits of white fur which just 4% have, a small grin which 3% have, and “Bored Pizza” only seen in 0.5% of the 10,000-strong collection, according to OpenSea.
<h2 id="crypto-influencer-nft-cards-fantasy-top-beat-tron-on-fees">Crypto influencer NFT cards “fantasy.top” beat Tron on fees</h2>
NFT trading cards splattered with images of crypto influencers have made more fees than the blockchain Tron over the past week as Crypto X has seemingly piled into the buzzy project.
“Fantasy.top” on Coinbase’s Ethereum layer 2 Blast launched on May 1 and over the past seven days raked in $9.3 million in fees — the fifth-most profitable crypto project and topping Tron’s $8.73 million earnings, <a href="https://defillama.com/fees" target="_blank" rel="noopener noreferrer nofollow">per</a> DefiLlama.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/5d743eca-08a0-4681-9064-d7308aef457a.png">
 <figcaption style="text-align: center;">The top 10 protocols by seven day fees. Source: DefiLlama
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In the last 24 hours fantasy.top was the seventh-most fee-earning protocol with over $924,000, below Tron’s $1.39 million. For comparison the next highest fee-earning NFT-related project was Blur at about $28,700.
Fantasy.top users can trade cards of crypto personalities and those featured on the card get 1.5% of the trading volume and 10% of fees from card “packs” — multiple cards bundled together.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/23c07f83-4809-409b-be01-6e426ffb15e9.png">
 <figcaption style="text-align: center;">The highest-priced NFT cards include Blast founder “Pacman.” Source: fantasy.top
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The earning incentive has given influencers the push needed to plug the protocol to their followers and the shilling seems to have paid off with fantasy.top <a href="https://twitter.com/fantasy_top_/status/1787670668873466299" target="_blank" rel="noopener noreferrer nofollow">paying</a> out a total of $1.25 million worth of ETH to card-featured influencers on May 7.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/4bf2c578-319e-45c0-ab85-248224717bfa.png">
 <figcaption style="text-align: center;">Source: <a href="https://twitter.com/CirrusNFT/status/1787714644074721691" target="_blank" rel="noopener noreferrer nofollow">Cirrus</a>
 </figcaption>
</figure>
<h2 id="cryptopunks-sales-saw-ethereum-briefly-top-nft-market">CryptoPunks sales saw Ethereum briefly top NFT market</h2>
Ethereum was briefly back as the top NFT sales chain as trading of the blockchain’s early NFT collection CryptoPunks pulled it to the lead over the last 24 hours.
CryptoPunks saw over $1.1 million in volume over seven transactions, placing it in second for sales volume for the day behind uncategorized NFT-like Bitcoin Ordinals, <a href="https://www.cryptoslam.io/" target="_blank" rel="noopener noreferrer nofollow">according</a> to CryptoSlam!
It pulled Ethereum sales volumes to over $6.7 million, just above Bitcoin which has posted consistently strong NFT sales numbers <a href="https://cointelegraph.com/news/bitcoin-beats-ethereum-week-nft-sales-with-ordinals-comeback" rel="noopener noreferrer nofollow">since at least March</a>.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/893e0ded-e38a-4420-b309-fcd9f01b6a59.png">
 <figcaption style="text-align: center;">Earlier today, Ethereum was the 24-hour leading chain for NFT sales volume. Source: CryptoSlam!
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Ethereum’s time at the top didn’t last. At the time of writing Bitcoin was back on top with $6.6 million in volume to Ethereum’s $6.2 — the latter seeing 24-hour sales volumes drop by nearly 14%, unable to keep pace with the growing Ordinals volume over the same time.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/2cf44a1e-d1c2-4a1f-afcb-b9414152c09a.png">
 <figcaption style="text-align: center;">Three of the top five most traded NFTs in the last day were Bitcoin-based, two of those saw volumes rise. Source: CryptoSlam!
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<h2 id="sorry-ronaldo-binance-nft-holders-are-still-allowed-to-siuuu">Sorry Ronaldo, Binance NFT holders are still allowed to “siuuu”</h2>
A Miami federal judge denied soccer star Cristiano Ronaldo’s motion to dismiss a <a href="https://cointelegraph.com/news/cristiano-ronaldo-class-action-lawsuit-over-binance-promotion" rel="noopener noreferrer nofollow">$1 billion class-action suit</a> over his Binance-tied NFTs.
In a May 4 <a href="https://www.courtlistener.com/docket/68036546/sizemore-v-ronaldo/?filed_after=&amp;filed_before=&amp;entry_gte=&amp;entry_lte=&amp;order_by=desc#entry-33" target="_blank" rel="noopener noreferrer nofollow">order</a>, Florida District Court Judge Roy Altman granted the class group’s request to stay the trial and flatly denied Ronaldo’s April 25 bid to toss the suit.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/0102f324-36b6-45c1-a240-0452d0f62b6b.png">
 <figcaption style="text-align: center;">The full text of Judge Altman’s paperless order. Source: CourtListener
 </figcaption>
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A group of Binance users hit Ronaldo with the suit in November, alleging they took losses on “unregistered securities” featured on Binance because he promoted the exchange.
Related: <a href="https://cointelegraph.com/news/blockchain-education-initiatives-crypto-bull-market" rel="noopener noreferrer nofollow">Blockchain education initiatives take off amid crypto bull market</a>
Ronaldo had three Binance-tied NFT collections and the suit claimed those who signed up to the exchange to nab them were likely to hang around and use Binance for crypto investing.
In his dismissal bid, Ronaldo’s lawyers argued he had nothing to do with what the suit claimed Binance did and the American-based complaint had no sway over the Portuguese-born resident of Saudi Arabia.
<h2 id="other-news">Other news</h2>
Donald Trump <a href="https://cointelegraph.com/news/donald-trump-mugshot-nft-dinner" rel="noopener noreferrer nofollow">hosted a dinner</a> for holders of his NFTs at his residence in Florida in his time off court where he’s charged with faking business records to pay $130,000 to porn star Stormy Daniels to keep quiet about an alleged affair.
NFT conglomerate Yuga Labs last month initiated a <a href="https://cointelegraph.com/news/yuga-labs-restructures-layoffs-new-exec" rel="noopener noreferrer nofollow">round of layoffs</a> as it restructured to focus more on its long-in-development Otherside metaverse.
NFT Collector, DCinvestor: <a href="https://cointelegraph.com/magazine/best-nft-collection-world-dc-investor-nft-collector/" rel="noopener noreferrer nofollow">Is this the best NFT collection in the world?</a>

Nifty News: 3 Bored Apes gone phishing, fantasy.top fees beat Tron and more

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