Opensea phishing scandal reveals a security need across the NFT landscape
OpenSea’s latest vulnerability poses a larger and more deeper question relating to the global NFT ecosystem’s existing security infrastructure. Despite the ongoing volatility plaguing the digital asset sector, one niche that has undoubtedly continued to flourish is the nonfungible token (NFT) market. This is made evident by the fact that a growing number of mainstream mover and shakers including the likes of Coca-Cola, Adidas, the New York Stock Exchange (NYSE) and McDonalds, among many others, have made their way into the burgeoning Metaverse ecosystem in recent months.Also, owing to the....
Related News
OpenSea, a leading NFT marketplace, has advised its users to exercise caution and avoid falling for phishing scams. The head of security said that an employee of a third-party vendor abused their access to customers’ data of OpenSea. OpenSea Customers’ Emails Leaked After discovering that email addresses had been shared with a third party, employees […]
The leading NFT marketplace, OpenSea, saw its Discord server hacked to conduct scams. The incident was highlighted by numerous users’ tweets and blockchain security firm, PeckShield. As a result, OpenSea confirmed the action taken against the issue. OpenSea Tweeted regarding the incident: We are currently investigating a potential vulnerability in our Discord, please do not […]
Safety is one of the most important topics of the crypto sphere, and with good reason. Even the most significant self-custody platforms, such as OpenSea, are vulnerable to malicious behavior and attacks. Read on to find out why security should be your number one priority, and learn from a recent, serious phishing attempt on OpenSea. What does self-custody mean? Essentially, self-custody in crypto refers to holders’ sole responsibility to handle and store their information data such as private keys. Consequently, a self-custody platform does not keep any kind of record of private keys, and....
Almost 12 hours ago, leading NFT marketplace OpenSea confirmed its team was investigating a potential exploit related to its smart contracts. The platform claimed it was attacked by a phishing strategy that apparently “originated outside” of its website. Related Reading | Cardano Doubled The Reward For Hackers To Uncover Vulnerabilities In Its Blockchain At the time, […]
Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing scheme.
Attacker Reportedly Returns Some Stolen NFTs
Devin Finzer, the co-founder and CEO of Opensea has denied reports that the NFT marketplace has been breached. Instead, Finzer has characterized the alleged hacking incident as a “phishing....