OpenSea denies hacking, calling the theft a phishing attack

OpenSea denies hacking, calling the theft a phishing attack

Another name appears on the growing list of blockchain-related thefts. On Saturday, a group of hackers stole millions of NFTs from users on the OpenSea platform.

It is unclear how the theft occurred, but OpenSea claims users have stumbled upon a phishing attack. Moreover, hackers managed to steal these NFTs from the wallet of the original owner. In addition, OpenSea has published a statement saying they were investigating the attack.

In contrast, some users believe the theft was due to vulnerabilities in the NFT market. Over the past year, NFTs became quite popular. They are called non-replaceable tokens and are unique digital collectibles. When users buy NFT, it is recorded in a digital book called a blockchain.

“This is a phishing attack,” says OpenSea

So far, the NFT marketplace says the theft has affected 32 users. According to Web3isgoinggreat, stolen NFTs are worth more than $ 1.7 million or 578 ETH (Ether).

Moreover, the CEO of OpenSea believes that phishing attack is the cause of theft. On Twitter, Devin Finzer said, “We don’t believe it’s linked to the OpenSea site.” Further, Finzer adds, “It appears that 32 users have so far signed malicious payloads from attackers, and some of their NFTs have been stolen.”

Accordingly, hackers sent malicious emails to users and stole their passwords and personal information.

In addition, the CEO also has opposed claims the theft is worth more than $ 200 million. He said, “The hacker has $ 1.7 million of ETH in his wallet from the sale of some stolen NFTs.” Also, Finzer discovered that some were stolen NFTs returned to the owners.

However, some users say the hacker took advantage of a vulnerability in the NFT market. One of the victims said they never clicked on any malicious email. Moreover, the victim added that they only clicked on the banner that appeared on OpenSea.

Read also: OpenSea upgrades smart contract for inactive NFT listing

The high seas are victims of growing cryptocurrencies

Theft on OpenSea is significant. Moreover, it is the largest NFT market with a value of 13 billion dollars and a customer base of over one million.

Moreover, phishing attacks and cryptocurrencies have accelerated over the past year. The growing popularity of cryptocurrency is attracting crypto criminals and hackers. The latest theft has added to OpenSea’s growing list of controversies. Recently, some users have sold YouTube channels as NFTs on platforms without the permission of the creator.

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