French police authorities have utilized research from pseudonymous blockchain sleuth ZachXBT to arrest five people accused of stealing $2.5 million worth of nonfungible tokens (NFTs) via phishing scams. Reportedly, these fraudsters built a website that masqueraded as a service that animated the static artwork from people’s Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs.