World Largest NFT Marketplace OpenSea Hacked, NFTs Worth $1.7 M Stolen

NEW DELHI: OpenSea, the world’s largest non-fungible token (NFT) marketplace, reported on Sunday that it had been hacked and that at least 32 customers had lost $1.7 million in NFTs.

Devin Finzer, co-founder and CEO of OpenSea, confirmed that 32 users have lost NFTs as a result of the phishing attack.

He denied rumours that the hack was worth $200 million, claiming that the attacker “had $1.7 million in ETH (Ethereum) in his wallet from the sale of some of the stolen NFTs.”

While the NFT marketplace has yet to determine the scope of the cyber attack, Blockchain investigator Peckshield believes the phishing attack was fueled by a probable leak of user information (including email addresses).

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The NFT marketplace said that we’re looking at rumours of an exploit involving OpenSea smart contracts. This appears to be a phishing attack coming from somewhere other than OpenSea’s website.

The hack occurred shortly after OpenSea announced a new smart contract upgrade and a one-week deadline for dormant NFTs to be removed from the platform.

Users were asked to convert their listed NFTs from the Ethereum blockchain to a new smart contract as part of the smart contract upgrade.

Within hours of OpenSea’s upgrade announcement, various sources began reporting on an ongoing attack against the soon-to-be-delisted NFTs.

“We don’t think it has anything to do with the OpenSea website. So far, 32 users have signed a malicious payload from an attacker, and some of their NFTs have been taken, according to the report “Finzer made a comment.

The CEO of OpenSea asked affected people to contact him directly via Twitter.

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According to the BBC, the phishing attempt on the NFT marketplace came after the UK tax department seized three NFTs last week as part of a probe into a 1.4 million pound (almost $1.9 million) fraud case.

The authority claimed it was the first law enforcement agency in the United Kingdom to seize an NFT.

Her Majesty’s Revenue and Customs also seized a total of 5,000 pounds ($6,762) in cryptocurrency, as well as three NFT artworks that have yet to be evaluated.

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