• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
Nairametrics
No Result
View All Result
Home Markets Cryptos
OpenSea loses NFT market dominance in Q1 2023

OpenSea s

OpenSea CEO dismisses $200 million hack rumour

Says not aware of any recent phishing emails sent to users.

Ajibola Akamo by Ajibola Akamo
2 years ago
in Cryptos
Share on FacebookShare on TwitterShare on Linkedin

OpenSea co-founder and CEO, Devin Finzer, has denied rumours that its Non-Fungible Token (NFT) marketplace was hacked and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of Ether in his wallet by leveraging a phishing scheme.

Finzer has characterized the alleged hacking incident as a “phishing attack,” which he insists is not connected to OpenSea’s website. He did, however, admit that 32 users who “signed a malicious payload from the attacker” had their NFTs stolen.

However, Peck Shield, a blockchain security company that aims to elevate the security, privacy, and usability of the entire blockchain ecosystem, tweeted that the OpenSea hacker has made use of Tornado Cash to wash 1,100 Ether, which at today’s price, amounts to $3.03 million. The firm also released a list of NFTs stolen in the attack. According to the list, a total of 253 NFTs have been stolen between the 19th and 20th of February 2022.

What OpenSea is saying about the alleged hack

Finzer did a thread on Twitter, explaining some facts of the alleged hack. He stated, “As far as we can tell, this is a phishing attack. We don’t believe it’s connected to the OpenSea website. It appears 32 users thus far have signed a malicious payload from an attacker, and some of their NFTs were stolen.

“The attack doesn’t appear to be active at this point — we haven’t seen any malicious activity from the attacker’s account in 2 hours. Some of the NFTs have been returned.

“We are not aware of any recent phishing emails that have been sent to users, but at this time we do not know which website was tricking users into maliciously signing messages.

“Always double-check that you are interacting with https://opensea.io in your browser when you sign messages. If you are an affected user, please DM @opensea_support so that we can thoroughly investigate — we’d love your help.”

While Finzer did not give the estimated value of the stolen NFTs, a Twitter user named Mr. Whale suggested in a tweet, posted a few hours after the breach, that “over $200M lost already.” Mr. Whale tweeted, “BREAKING: Massive OpenSea “exploit” in their new migration contract allowed users to sell, steal any NFT from any users.”

Another user named Jacob King rejected Finzer and OpenSea’s phishing attack claim. The user claims that a “flaw in their code led to one of the largest NFTs exploits in history.” Jacob tweeted, “OpenSea is now lying and claiming the exploit was actually just phishing emails people were receiving. This is 100% not true,” alongside an image of the alleged flaw in the code of the platform.

In another thread, Finzer said after his team got in touch with “dozens” of people and teams across the NFT space, and he is confident this was a phishing attack. He added that OpenSea was now actively “working with users whose items were stolen to narrow down a set of common websites that they interacted with that might have been responsible for the malicious signatures.”


Download Nairametrics App for breaking news and market intelligence.
   
Tags: Devin FinzerNFTNon-Fungible TokenOpensea
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Leave a Reply Cancel reply

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







NM newsletters
Glo
Kwakol
Abbey
Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Qatar introduces new regulations for visit and residency visas 
  • Stanbic IBTC: Sustaining the SUV Model
  • “Nigeria must continue to borrow to run her Economy”- Jimoh Ibrahim

Follow us on social media:

Recent News

Qatar introduces new regulations for visit and residency visas 

Qatar introduces new regulations for visit and residency visas 

December 5, 2023
Stanbic IBTC Holdings Plc

Stanbic IBTC: Sustaining the SUV Model

December 5, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up
  • Cart

© 2023 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