Phishing scam: NFTs Worth $1.7M Stolen from OpenSea Users

OpenSea’s CEO Devin Finzer has denied the claims that a vulnerability in their smart contract was exploited to steal NFTs from users.

OpenSea users have suffered losses amounting to $1.7 million (578 ETH). According to PeckShield blockchain security service, hundreds of Non-Fungible Tokens (NFTs) were stolen by attackers on Saturday, causing panic among OpenSea users.

As per the spreadsheet compiled by PeckShield, 254 tokens were stolen, including Bored Yacht Club and Decentraland tokens.

Details of the Incident

Reportedly, a major chunk of the attacks occurred between 5:00 p.m. and 8:00 p.m. ET. OpenSea users posted that all of their NFTs had been removed from their wallets. A Twitter user named Neso posted that he checked every transaction, and all have valid signatures.

Strange Timing

The timing of this attack is crucial since OpenSea was updating its contract system when attackers struck it. However, the platform has refuted the reports that the new contracts instigated the attack. OpenSea is currently investigating the issue. In total, 32 users were targeted in the attack.

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