CRISIS AVERTED: The Bored Ape Yacht Club Took Action To Make Sure No New Apes Will Ever Be Minted
After it was reported that a single private key could mint an infinite number of bored apes, the Bored Ape Yacht Club took action and burned the contract owner, according to one of the club’s Co-Founders.
“The contract owner has now been burned,” BAYC Co-Founder Emperor Tomato Ketchup. Tweeted in response to a Blockworks tweet from June 5th. “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.”
You can check out the TX here:
This potential problem was first brought to light by NFT personality Foobar in a Twitter thread.
“There is a single private key out there that can mint an infinite number of new OG @BoredApeYC at any time,” Foobar tweeted along with a photo of the BAYC’s supply code. “If the token contract owner (a personal wallet, not a multisig) gets hacked or phished, you might see thousands of new bored apes minted and dumped onto the market.”
After Emperor Tomato Ketchups’ tweet, Foobar thanked the BAYC for eliminating this risk. “Yuga has permanently renounced ownership! Tx linked below, great job i been secured. all my apes safe. thanks for helping.”