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Yuga Labs Revokes Code that Allowed Limitless Bored Apes Creation

Yuga Labs Revokes Code that Allowed Limitless Bored Apes Creation


Cryptoknowmics
2022-06-08 14:40:36
Yuga Labs Revokes Code that Allowed Limitless Bored Apes Creation

Yuga Labs has revoked its capacity to mint an infinite amount of Bored Ape Yacht Club non-fungible tokens (NFTs) more than a year after initially announcing it would, removing a potential hack vulnerability that might have resulted in a flood of new Apes flooding the market. The contract owner has now been exposed as a fraud. We’d meant to do this for a long time but held off due to apprehension. It felt good to do it now. EmperorTomatoKetchup, a Yuga Labs co-founder and developer, tweeted, “All done.” The contract owner has now been burned. While we’d been meaning to do this for a long time, we hadn't out of an abundance of caution. Felt comfortable doing it now. All done.In lay terms: The issue flagged in this article is now impossible. — EmperorTomatoKetchup (@TomatoBAYC) June 7, 2022 Gargamel Sent a Link to the Revoked Code Transaction EmperorTomatoKetchup and another Yuga Labs co-founder named Gargamel sent a link to the revoked code transaction, which had a timestamp of 7:07 p.m. ET on June 7. The problem was first raised in June 2021, when NonFungibles CEO Dan Kelly pointed out on Twitter that, because of Ethereum blockchain programming, Yuga Labs, the business behind the popular NFT collection, could mint as many Bored Apes as it wanted. The official Bored Apes Twitter account responded, saying that it would never run that code and that the permission to use it would be revoked in a few days. According to an NFT develo...

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