Friday, June 21, 2024

Shiba Inu probes OpenSea phishing attack, calls for calm

The Shiba Inu platform has called for calm and reassured Shiboshi holders that it is investigating the OpenSea phishing attack. In a tweet, through its official handle Defense Breed, the meme coin said it is looking into the incident and advised customers to disconnect their wallets from the platform and quash the connection to their non-fungible tokens.

OpenSea, the world’s largest NFT marketplace, has been so far been attacked twice this year. Devin Finzer, CEO of OpenSea, described the latest hacking incident as a phishing attack. Reports highlight that the hacker uploaded the smart contract used for the attack in December. The hackers sent emails to the platform’s users to migrate or log in to a new OpenSea smart contract via phishing websites. The hackers, alleged to be a group of attackers, stole the NFTs on Saturday.

They managed to steal around $3 million worth of NFTs and sold some of the tokens. Shiba Inu has drawn attention to this incident as it is listed on OpenSea. The meme coin came up with its set of NFT collection Shiboshi in 2021. The collection has about 10,000 NFTs and is priced around 1 ETH. The platform says that 3,600 people currently own the tokens.

The Shiboshi token is trading at $0.00002735, and has recorded an 8% spike in the past 24-hours. Meanwhile, the Shiba Inu team is working on a Metaverse project – Shibverse by the ShibArmy.


Cryptured Team
Cryptured Team
The writers team at 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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