Wed. Oct 4th, 2023

Over the weekend, a phishing assault on the popular trading site OpenSea resulted in at least 32 individuals losing NFTs that they had paid for.

This past Saturday, between 5 and 8 p.m. ET, was when the majority of the attacks took place, according to The Verge. OpenSea customers who bought the tokens have had 254 of them taken from their accounts. Based on the Ethereum the phishers have made by selling the freed NFTs, the total value of the stolen tokens is estimated to be around $1.7 million.

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For some time, the OpenSea community remained unsure of how the attack had occurred; however, CEO Devin Finzer of the site has stated that it is most likely unrelated to the platform itself. As a result, it appears to be a more standard email phishing method adapted for the NFT environment.

Although the seller’s unique signature had been used to sign off on all NFTs transfers, it is possible that they were tricked into filling it out on something inconspicuous without realising its purpose. In many ways, it’s similar to the email phishing scams in which bogus links to websites that steal your passwords are sent to you.

By Adam

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