Tuesday, November 28, 2023

As users complain about missing NFTs, OpenSea is looking into ‘Exploit Rumors.’

OpenSea is one of the biggest digital collectible marketplaces and it has now become the newest victim of hackers on Saturday. According to the reports over 250 NFTs (Non-Fungible Tokens) were stolen, and some of the tokens were from the popular Decentraland and Bored Ape Yacht Club.

Devin Finze, CEO of OpenSea, has confirmed in a Twitter post that this phishing attack has made around $1.7 million in ETH (Ether) by selling some of the stolen tokens. OpenSea announced a few days ago that they made an upgrade to their smart contract. With this new upgraded contract, users will have to relocate their Non-Fungible Tokens from ETH (Ethereum) blockchain to the latest smart contract.

The marketplace has given one week to delist any inactive Non-Fungible Tokens on the OpenSea platform. The odd thing is, all the stolen Non-Fungible Tokens were apparently from those users who migrated on OpenSea manually.

However, Nadav Hollander, the marketplace’s CTO, is denying and said the vitriolic orders were carried out before the migration. He also added these are highly unlikely connected to the flow of OpenSea migration.

OpenSea posted on Twitter saying they are actively inspecting the situation and rumors regarding the exploitation of OpenSea related smart contracts. They said this seems to be a phishing attack arising outside of OpenSea’s website, and also warned about not clicking on any link outside of the OpenSea website. This means that this is the best time to add crypto to your portfolio.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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