Hacker Uses Phishing Attack to Steal $1.7 Million in NFTs from OpenSea

On Saturday, a hacker stole non-fungible tokens (NFT) worth more than $1.7 million from users from OpenSea, applying a phishing attack, which got him to steal 254 NFTs, including Decentraland and Bored Ape Yacht Club (BAYC) tokens.   The attacker fooled the targets into signing a partial contract which gave the attacker complete control, meaning signing […]

OpenSea Launches Verified Customer Support to Fight Discord Scammers

OpenSea and non-fungible token (NFT) communications platform Metalink announced, on Tuesday, a new partnership aimed at preventing social engineering attacks carried out through Discord DMs.    Some confidence tricksters have made millions of dollars by posing as customer service agents in OpenSea’s official Discord server and tricking NFT holders into sharing details that will let the […]

OpenSea Compensates Users Affected by NFT Loophole Scam

Open market online for Non-Fungible Tokens (NFT), OpenSea, is getting in touch with and compensating users exposed by the loophole letting individuals obtain NFTs for less than the market’s value, then resell it for thousands. First reported by Vice Tech’s Motherboard on Monday after blockchain security firm Elliptic expressed concerns around the issue. Various Twitter users went […]

OpenSea fixes vulnerabilities against NFT hacks, research finds

Non-fungible tokens (NFT) marketplace, OpenSea has finally anchored its platform by fixing any vulnerabilities that could potentially expose accounts to NFT hacks on digital wallets and drain it, Check Point Research finds. NFT’s fame spread on all fronts as a crypto trend that transforms any digital asset into a distinctive blockchain asset or provides users […]

Insider NFT trading scheme on OpenSea platform

Famous Non-Fungible Tokens (NFT) crypto marketplace OpenSea reported on Wednesday that one of its leading executives has been exploiting the platform’s insider information to cannily market digital collectibles from his wallet.  OpenSea disclosed that one of its employees was indulging in a trading scheme conducted by utilizing private crypto wallets to buy and sell NFT collectibles on its site and revealed that […]