OpenSea, World’s Largest NFT Marketplace Hacked, Users Lost NFTs

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The world’s largest NFT (non-fungible token) marketplace, OpenSea, confirmed on Sunday that it had been hit by a phishing attack and that at least 32 users had lost their valuable NFTs worth 1.7 million. of dollars.

OpenSea co-founder and CEO Devin Finzer acknowledged the phishing attack, confirming that 32 users have lost NFTs so far.



He said the rumors that it was a $200 million hack are false and that the attacker “has $1.7 million worth of ETH (Ethereum) in his wallet from selling some of the NFTs stolen.

While the NFT market had yet to grasp the magnanimity of the cyberattack, Blockchain investigator Peckshield said he suspected a possible leak of user information (including email ids) that fueled the attack. phishing attack.

“We are actively investigating rumors of an exploit associated with OpenSea-related smart contracts. This appears to be a phishing attack originating outside of the OpenSea website,” the NFT Market posted in a tweet.

The hack happened as OpenSea announced a new smart contract upgrade with a one-week deadline to remove inactive NFTs on the platform.

The smart contract upgrade required users to migrate their listed NFTs from the ETH blockchain to a new smart contract.

Within hours of the announcement of the OpenSea upgrade, reports from multiple sources pointed to an ongoing attack targeting NFTs that will soon be delisted.

“We do not believe it is connected to the OpenSea website. It appears that 32 users have so far signed a malicious payload from an attacker, and some of their NFTs have been

stolen,” Finzer posted.

The OpenSea CEO urged affected users to message him directly on Twitter.

The NFT market phishing attack came as the UK tax authority seized three NFTs last week as part of an investigation into a 1.4 million pound fraud case (almost 1 .9 million), the BBC reported on Monday.

The authority said it was the first UK law enforcement to seize an NFT.

HM Revenue and Customs also seized 5,000 pounds worth of crypto assets ($6,762) along with three NFT artworks, which have yet to be appraised.

–IANS

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(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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