Non-Fungible Tokens (NFT) marketplace OpenSea is investigating a “phishing attack”, which according to the company’s CEO, Devin Finzer, is no longer active.
A tweet from Devin Finzer read “We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen”.
NFTs joined the biggest league of digital assets thanks to a surge in the demand for them. NFTs are collectable digital assets that hold value as a form of cryptocurrency and as a form of art or culture. NFTs are unique because they are non-fungible. A fungible asset is something with units that can be readily interchanged – like money; their unique properties cannot be interchanged with something else. Ownership of these assets is recorded on a blockchain — a digital ledger similar to the networks that underpin Bitcoin and other cryptocurrencies.
According to OpenSea’s CEO, some of the NFTs which were stolen in the phishing attack has been returned. Through subsequent tweets Devin Finzer made, he revealed that some of these NFTs have been returned and also added debunked rumours that the hack was worth $200 million. He mentioned that the hacker “has $1.7 million of ETH in his wallet from selling some of the stolen NFTs”.
The phishing attack comes after a series of hacks on various cryptocurrency exchange platforms. Last month, crypto platform Crypto.com admitted that 400 of its customers were hacked and assets worth more than $30 million were stolen. In December, crypto exchange platform Bitmart also was hacked $196 million worth of cryptocurrencies. Bitmart called the attack “a large-scale security breach” saying that $150 million in crypto assets was withdrawn from its platform. In what was described as the biggest crypto hack of all time, crypto exchange Poly Network was hacked of $610 million worth of crypto assets. These funds were, however, returned by the hacker who identified as “White Hat”.
Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
