World's Largest NFT Marketplace OpenSea Hacked, $1.7 Million In NFTs Stolen
Yesterday, the World's largest NFT marketplace, OpenSea confirmed that it has been hit by a phishing attack, and at least 32 users had lost their valuable NFTs worth a whopping $1.7 million.
Yesterday, the World's largest NFT (non-fungible token) marketplace, OpenSea confirmed that it has been hit by a phishing attack, and at least 32 users had lost their valuable NFTs worth a whopping $1.7 million.
OpenSea Co-Founder and CEO, Devin Finzer has acknowledged the phishing attack, confirming that 32 users have lost NFTs so far, as per IANS.
He further said the rumours that this was a $200 million hack are false, and the attacker "has $1.7 million of ETH (Ethereum) in his wallet after selling some of the stolen NFTs.
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Affected Users Can Contact OpenSea CEO Directly
The OpenSea CEO has also urged affected users to directly message him on Twitter.
While the NFT marketplace OpenSea is reportedly yet to figure out the magnanimity of the cyber attack, Blockchain investigator Peckshield said he suspects a possible leak of user information (including email ids) that fueled the phishing attack.
OpenSea had tweeted "We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website."
And as per a recent tweet today by OpenSea, 17 users were impacted instead of the previously stated 32.
2) The attack does not appear to be active at this time. There has been no activity on the malicious contract in >15 hours.
¡ª OpenSea (@opensea) February 21, 2022
Also Read: This 15-year-old Artist's NFT Sales Are Already Worth More Than $1 Million
Did The ¡®Smart Upgrade¡± Trigger The Attack?
The hack happened after the NFT platform announced a new smart contract upgrade with a one-week deadline to delist inactive NFTs on the platform. The contract upgrade required OpenSea users to migrate their listed NFTs from ETH blockchain to a new smart contract.
And within hours after this upgrade announcement from OpenSea, reports across multiple sources emerged about an ongoing attack that targets the soon-to-be-delisted NFTs.
OpenSea CEO posted that "We don't believe it's connected to the OpenSea website. It appears 32 users so far have signed a malicious payload from an attacker, and some of their NFTs were stolen."
The NFTs Seized Last Week
The phishing attack on NFT marketplace occurred as the UK tax authority last week seized 3 NFTs as part of a probe into a 1.4 million pounds (nearly $1.9 million) fraud case, as per what BBC had reported last week. The authority had said it was the first UK law enforcement to seize an NFT.
While it remains to be seen what happens to the stolen NFTs of OpenSea users, this huge phishing attack again raises the question on the ¡®safety¡¯ of the crypto industry, with numerous crypto scams coming to light across the globe every other day.
Also Read: How A Std XII Pass Man's MBA Graduate Niece Helped Him In Rs 40 Crore Crypto Scam
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