Edge's News: Hackers Steal $1.7 Million Worth of NFTs from OpenSea Customers...

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A new week, a new attack. Not a week has passed since the beginning of the year without an incident affecting a firm in the cryptosphere and web3, the next generation internet based on blockchain technology. 

OpenSea, the eBay of the blockchain, announced on Saturday night that it was investigating a scam targeting users of its non-fungible tokens (NFTs) platform. The firm is the largest NFT marketplace, and it is valued at $13.3 billion.


The hacker(s) stole several NFTs and had already sold a few for ethereum worth $1.7 million, according to CEO Devin Finzer. NFTs are blockchain-based deeds of ownership to different kinds of digital items, from expensive illustrations of apes to collectibles like celebrity autographs. In some cases they can also represent certificates for physical goods.


"We are actively investigating rumors of an exploit associated with OpenSea related smart contract. This appears to be a phishing attack originating outside of OpenSea's website. Do not click links outside of opensea.io." the platform posted on Twitter.

Smart contracts are a piece of computer code that determines the terms of a transaction ( loans, trading etc) and don't rely on any third party. Things are done automatically and follow the rules that people have agreed on. 


OpenSea CEO Devin Finzer later said, still on Twitter, that: " As far as we can tell, this is a phishing attack. We don't believe it's connected to the OpenSea website," he wrote. He added that: " It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen."

 

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