• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Cyber thief steals NFTs worth million of dollars

An exploit involving smart contracts related to OpenSea is under investigation.

Olumide Adesina by Olumide Adesina
February 20, 2022
in Cryptos
Yahoo Yahoo
Share on FacebookShare on TwitterShare on Linkedin

OpenSea, a leading marketplace for NFTs, is investigating the “rumors of an exploit” involving smart contracts connected to its platform following an outbreak of panicked tweets from traders who lost valuable tokens.

According to PeckShield, a blockchain security firm that audits smart contracts, the exploit is likely phishing, through which a malicious contract is hidden within a disguised link. One of the possible sources of the link was an email about the migration process sent to all employees.

In addition to the ETH held by the attacker’s address (slapped with a phish/hack warning badge by blockchain explorer Etherscan), ether worth $1.7 million, two Cool Cats, one Azuki, and three tokens from the Bored Ape Yacht Club.

RelatedStories

Ghana honours monarch’s silver jubilee with crypto stamps linked to NFTs  

Ghana honours monarch’s silver jubilee with crypto stamps linked to NFTs  

May 10, 2024
 crypto

Namibia imposes tax on Cryptos and NFTs 

July 13, 2023

An exploit involving smart contracts related to OpenSea is under investigation, according to a post on Twitter made by OpenSea Saturday night.

Read: Crypto: Why NFTs can bail Nigeria’s ailing Education Sector

We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website. Do not click links outside of https://t.co/3qvMZjxmDB.

— OpenSea (@opensea) February 20, 2022

“Apparently, an external website is behind the phishing attack. Links outside of opensea.io shouldn’t be clicked,” OpenSea said.

In a tweet later, OpenSea CEO, Devin Finzer reported that “32 users’ NFTs have been hacked after signing a malicious payload.”

Read: How NFTs can protect Nigeria’s cultural heritage

He added that the company was unaware of any recent phishing emails sent to users, and suggested that a fraudulent website could be responsible.

On Friday, OpenSea will release a brand-new smart contract to revamp its trading platform code (basically, the code that governs it). Old, inactive listings on the platform were eventually to be removed with the upgraded contract.

A trader posted an email he thought was from OpenSea regarding contract B migration.

https://twitter.com/ScottBussing/status/1495229984918540289

How to protect your NFTs       

  • Your first step is to choose a crypto wallet in which to store your NFTs. Software wallets (hot) and hardware wallets (cold) are the two types.
  • In most NFT marketplaces, to create an account on the platform, you must have a software wallet. They enable transactions on dApps, or NFT markets for that matter, more conveniently, even when they are connected to the internet, which exposes your private keys to some degree of risk. In addition, they are still much safer than using a credit card to buy NFTs.
  • Hardware wallets, on the other hand, are the most secure, as they keep your private keys separate from the internet. This makes it difficult to purchase or sell NFTs directly on marketplaces.

Follow us for Breaking News and Market Intelligence.
Tags: NFTsOpensea
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Ghana honours monarch’s silver jubilee with crypto stamps linked to NFTs  
Cryptos

Ghana honours monarch’s silver jubilee with crypto stamps linked to NFTs  

May 10, 2024
 crypto
Cryptos

Namibia imposes tax on Cryptos and NFTs 

July 13, 2023
ERC-6651: The new game changer for NFT token standards
Cryptos

ERC-6651: The new game changer for NFT token standards

May 29, 2023
OpenSea loses NFT market dominance in Q1 2023
Cryptos

OpenSea loses NFT market dominance in Q1 2023

April 28, 2023
Blockchain memo: The State of Blockchain in Africa
Corporate Updates

Blockchain memo: The State of Blockchain in Africa

October 3, 2022
UNICEF Venture Fund
Cryptos

UNICEF Uses NFTs to raise funds for developing countries 

September 29, 2022
Next Post
How AXIA is developing a blockchain network that is most inclusive

How AXIA is developing a blockchain network that is most inclusive - Founder, Nick Agar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 
  • Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 
  • Most expensive African countries to rent a home in 2025 

Follow us on social media:

Recent News

Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 

Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 

June 24, 2025
Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 

Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 

June 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics