Jay Chou Lost an NFT That is Worth Over USD$500K from a Phishing Theft

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Non-Fungible Tokens (NFTs) are digital assets that make sense in theory, but what’s extremely mind-boggling about it is the high prices that these unique and immutable entities can fetch.

For singer-songwriter Jay Chou, he probably wished it was just an April Fool’s joke when his friend told him that one of his most prized NFTs have been stolen.


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Bored Ape Yacht Club NFT Stolen

On 1 April, Chou went onto Instagram to say that his NFT had been “stolen by a phishing website”.

 

View this post on Instagram

 

A post shared by Jay Chou 周杰倫 (@jaychou)

To add salt to his wounds, it was from the Bored Ape Yacht Club, which is known as one of the most valuable NFT collections thus far.

The NFT was a gift he received from Jeffrey Hwang Licheng this year, a member of the Taiwanese hip-hop group called Machi.

The stolen NFT was later found on NFT Marketplace LooksRare.

It was first sold for 133 ether (ETH), and then transacted again for 155 ETH, which is approximately US$520,000, based on the current value of the digital currency.

That’s half a million just for a digital asset, folks.


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A Precautionary Tale

In his Instagram post, the 43-year-old singer warns his audience to be more cautious, stating that the NFT theft “was not a joke” through his last hashtag.

According to blockchain security firm PeckShield—interesting name, albeit slightly contradictory—Chou’s losses might have been more than just the Bored Ape.

Allegedly, he may have lost another two from Doodles due to the phishing scam.

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Featured Image: Instagram (@jaychou)